A new rate announced from North America to Asia following the imbalanced trade dynamics

The introduction of Operational Recovery Surcharge (OCR) by Hapag highlights the unavoidable burdens faced by routes with lower demand in the shipping industry. Despite serving markets with lesser demand, these routes must still contend with the operational dynamics prevalent in the busiest routes.

Before jumping in, you don't have time and you'd rather want to compare all the updated carrier rates quickly in one view and send quotes to customers effortlessly whenever you have an inquiry? Access Freightify for getting this now!

As a result, forwarders operating on these routes are forced to bear the brunt of unexpected overheads, such as equipment imbalances and the irregular return of empty containers. The imposition of OCR is also a response from carriers to these challenges, aimed at mitigating the financial strain, albeit in the face of daunting operational realities.

Cargo Types: Dry cargo (all commodities)

Following a previous announcement dated January 05, 2024, regarding Operational Recovery Surcharge (OCR) adjustments, an updated OCR has been issued for shipments from North America's East and Gulf coasts to various Asian destinations. This OCR will be applicable to all sailings commencing on or after February 16, 2024, until further notice.

This OCR is applicable to all types of dry cargo and all commodities being shipped from North America to the specified Asian destinations. It is introduced to facilitate operational recovery amid evolving market conditions.

Effective Date: February 16, 2024

Origin:

North America's East and Gulf coasts

Destination:

Asia - China (PCR), Hong Kong, Korea, Japan, Taiwan, Brunei, Laos, Cambodia, Indonesia, Macau, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam

The details of the updated OCR are as follows:

Dry Cargo: $50 USD per container