The move by German carrier Hapag-Lloyd to follow
that it will not increase freight rates till February 1, 2022, Hapag said it would avoid any surcharges “for the time being,” S&P Global Platts reported on September 13, 2021.
There are broadly two key components to the all-in freight – the FAK (Freight All Kinds, broadly defined as a single tariff classification for freight that otherwise would attract different rates) and surcharges.
, an online platform for container logistics. “Our CAx (container availability index) data reveals 60 percent increase in the inbound outbound ratio at the ports of US West Coast, surpassing the pre-Covid levels, indicating that there is excessive stress on the ports, and therefore indicating further congestion is expected in the coming months as we approach the holiday season in the later part of the year,” said Dr Johannes Schlingmeier, co-founder and CEO, Container xChange.
(There has been no reply to a mail sent to Hapag on the issue at the time of releasing the story online)
“The container market is facing a lot of stress now, as you can imagine with port congestion and logistical uncertainties. There are a lot of delays happening and the blank sailings affected the schedule reliability further.” Parisha Tyagi, S&P Global Platts
The announcements by the two major carriers had stoked concerns of increases in the form of different surcharges like premium, port congestion and peak season fees, over and above the FAK rates, the S&P report said. “Carriers introduced hefty general rate increases on FAK rates and also premium surcharges on top of the FAK, to ensure fixed space and timely loading, as the pandemic resulted in supply chain blockages and container shortage all across the world.”
Source : ITLN