Recently, shipping companies have begun to announce a new round of freight rate adjustment plans for January 2025. Maersk, CMA, HMM and other shipping companies have successively adjusted the rates of some routes, involving the Mediterranean, Philippines, Africa, the Middle East, the United States, etc....
On December 6, Maersk announced that it would increase the FAK rate from the Far East to the Mediterranean from December 30, 2024. Details are as follows:
Peak Season Surcharge (PSS) from North China and East China to the Philippines
Starting from January 1, 2025, the Peak Season Surcharge (PSS) for dry containers and refrigerated containers departing from ports in North China and East China and shipped to Batangas and Subic in the Philippines will be adjusted.
The Peak Season Surcharge (PSS) for dry cargo and refrigerated containers departing from ports in North and East China and destined for Manila, Philippines will be adjusted from January 1, 2025.
Peak Season Surcharge PSS 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, Philippines, Singapore, Thailand, Timor-Leste, Taiwan, China to Kenya and Dar es Salaam.
Peak Season Surcharge PSS from Far East to Middle East
In order to continue to provide you with our global services, Maersk is adjusting the peak season surcharge PSS from Far East to Middle East, effective from December 19, 2024 until further notice. The details of the levy standards are as follows:
CMA imposes Panama Canal Surcharge from Far East to US East Coast
The Panama Canal Authority has introduced a new booking system - Long-Term Slot Allocation (LoTSA) - to manage Canal crossing bookings. This system takes effect from January 1, 2025, resulting in a significant increase in CMA CGM operating costs.
In order to recover this additional cost 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 from January 1, 2025:
HMM imposes a peak season surcharge for all departures to the United States, Canada and Mexico
Please note that starting from January 2, 2025, a peak season surcharge will be charged for all departures to the United States, Canada and Mexico. The details of the surcharge are as follows:
Drewry World Container Index rose 6% this week to $3,533 per 40-foot container on December 5. This is 66% lower than the peak of $10,377 in September 2021, but 149% higher than the pre-pandemic average of $1,420.
The average composite index so far this year is $3,958 per FEU, $1,104 higher than the ten-year average of $2,854.
Drewry expects freight rates on the transpacific trade to rise in the coming week due to the imminent ILA port strike in January 2025 and the expectation that cargoes will be rushed before the strike begins.
As the global trade situation is constantly changing, the shipping market has also fluctuated frequently. The risks of strikes in the eastern United States in 2025, new tariff policies, export control measures, changes in the shipping alliance structure, etc. will have unpredictable impacts on the market. Relevant companies and practitioners are reminded to communicate with shipping companies in a timely manner about the latest trends in route schedules and prices, and adjust shipment plans at any time.
