· Upgrade Far East to Mediterranean FAK

On December 6th, Maersk announced an increase in FAK rates from the Far East to the Mediterranean starting from December 30th, 2024. The details are as follows:

· PSS surcharge for peak season from North China and East China to the Philippines

Starting from January 1, 2025, the peak season surcharge (PSS) for dry and refrigerated containers departing from ports in North and East China and transported to Batangas and Subic in the Philippines will be adjusted.

Starting from January 1, 2025, the peak season surcharge (PSS) for dry and refrigerated containers departing from ports in North and East China and destined for Manila, Philippines will be adjusted.

· PSS surcharge for peak season travel from China, Hong Kong, etc. to Kenya and Dar es Salaam

The peak season surcharge PSS will be implemented on January 1, 2025, covering China, Hong Kong, Japan, South Korea, Brunei, Vietnam, Indonesia, Cambodia, Laos, Myanmar, Malaysia, the Philippines, Singapore, Thailand, Timor Leste, Taiwan, China, Kenya and Dar es Salaam.

· PSS surcharge for peak season in the Far East to Middle East region

In order to continue providing you with our global services, Maersk is adjusting the peak season surcharge PSS levied from the Far East to the Middle East, effective from December 19, 2024, until further notice. The details of the collection standards are as follows:

· China, Hong Kong to Senegal peak season surcharge PSS

In order to continue providing you with our global services, Maersk is adjusting the peak season surcharge PSS from China/Hong Kong to Senegal, effective December 16, 2024. The details of the collection standards are as follows:

CMA

CMA imposes additional fees on the Panama Canal from the Far East to the East Coast of the United States

The Panama Canal Authority has launched a new booking system - Long Term Time Allocation (LoTSA) - to manage canal crossing bookings. The system will take effect from January 1, 2025, resulting in a significant increase in CMA CGM operating costs.

In order to recover this additional fee and continue to provide you with the most reliable Panama Canal transit service, CMA CGM will impose a Panama Canal surcharge on the following routes starting from January 1, 2025

HMM imposes peak season surcharges on all departure destinations to the United States, Canada, and Mexico

Please note that from January 2, 2025, a peak season surcharge will be charged for all services departing from the United States, Canada, and Mexico. The details of the charging standards are as follows:

The Drury World Container Index, based on data from December 5th, rose 6% this week to $3533 per 40 foot container. 66% lower than the peak of $10377 in September 2021, but 149% higher than the pre pandemic average of $1420.

The average composite index so far this year is $3958 per FEU, which is $1104 higher than the ten-year average of $2854.

Drury predicts that due to the imminent ILA port strike in January 2025 and the anticipated rush to transport goods before the strike begins, freight rates for trans Pacific trade will increase in the coming week.

Due to the constantly changing global trade situation, the shipping market is also subject to frequent fluctuations, including the risk of the upcoming US East Coast strike in 2025, new tariff policies, export control measures, changes in shipping alliance patterns, etc., which will have unpredictable impacts on the market. Relevant enterprises and practitioners are reminded to communicate with shipping companies in a timely manner about the latest trends in route and shipping schedule prices, and adjust their shipping plans at any time.

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