Hapag-Lloyd announced an increase in freight rates on routes from India and Bangladesh to Europe, adding $2,000 per container, effective August 1.
The coverage area includes all shipping routes in Northern Europe, the Mediterranean, and the Black Sea.
Specific increase
| port | Adjusted base freight rate |
|---|---|
| Ennore / Colombo | $4,500 – $4,700/carton |
| Chittagong | $5,000 – $5,300/carton |
The cost of full container loads (FCL) exports from South Asia to Europe will rise significantly. Foreign trade companies operating on routes to India or Bangladesh will need to recalculate logistics costs for quotations after August.
Scope of influence
- India → Europe: Costs Rise in Major Export Categories such as Textiles, Chemicals, and Machinery
- Bangladesh → Europe: Garment exports are the main component; an increase of 1TP/4T/2,000 per box means an increase in the cost per piece.
- Cargo transiting through Colombo was also affected.
For those engaged in foreign trade targeting the South Asian market, it is recommended to confirm shipping space and freight rates with freight forwarders as soon as possible, especially after August. For details on ocean freight surcharges, please contact [contact information].Inquiry surcharge.
source:Container News