Hapag Lloyd announces New Rates from Asia to Latin America

Effective Date:

April 1, 2024 (with specific dates for certain destinations).

Geographical Scope:

From: Asia (excluding Japan) - China, South Korea, Singapore, etc.

To: West Coast of Latin America, Mexico, Caribbean, Central America, and East Coast of Latin America - Mexico, Brazil, Argentina, etc.

Applicable Containers:

20' Dry Container: USD 700 increase

40' Dry Container: USD 900 increase

40' High Cube Container: USD 900 increase

40’ Non-operative Reefer Container: USD 900 increase

Destination Details:

Excludes Puerto Rico, Virgin Islands, US (with separate dates - from April 19, 2024).

Impact on Shipping Costs:

Significant rise in rates necessitates strategic adjustments in pricing and supply chain management.

Challenges:

Optimization of container usage.

Exploration of alternative transportation modes.

Renegotiation of contracts with shipping lines.

Collaborative Approach:

Proactive communication between stakeholders.

Transparency and agility within the supply chain.

Looking Ahead: Adaptation, innovation, and collaboration are key to navigating the evolving landscape of international trade.