market update No. 01-2024 market update sea freight increases

2024-01-05 | Red Sea shipping risks: 'forwarders will also take advantage and raise rates'

Some forwarders admitted earlier last December that the Suez Canal situation could offer shipping lines relief from the financial stresses of a soft market after the pandemic peaks. This morning, the shipping Line MSC informed us that starting 21 January 2024, they will ask for an "Emergency Operational Surcharge "of USD 1.500,00 p. 40-foot container. Hapag Lloyd did the same for all shipments from European Ports to US West – East Coast Ports.