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July 27, 2021

Container freight rates expected to hit new highs

Container freight rates expected to hit new highs

Freight rates are rising in various ways, and shipping companies’ fees are becoming diverse.

Various surcharges introduced by shipping companies, such as congestion surcharge, fuel surcharge, peak season surcharge.

A few days ago, Hapag-Lloyd announced that due to the continuous extraordinary demand from China and the resulting supply chain operation challenges, Hapag-Lloyd will implement a value-added surcharge (VAD) for all cargo transportation in accordance with the regular FAK guidelines.

This value-added surcharge will be levied on August 15. The trans-Pacific trade from China to the United States and Canada will be charged at US$4,000 per 20-foot container and US$5,000 per 40-foot container.

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