Hapag-Lloyd applies increased Africa rates

Hapag-Lloyd has published updated rates for sailings with destination to Africa, which will be effective from 15 August.

Firstly, the German liner operator will implement a peak season surcharge (PSS) of US$550 for 20′ dry containers from Egypt to Benin, Congo, Ivory Coast, Ghana, Nigeria, Senegal and Mauritania of West Africa.

Additionally, a general rate increase (GRI) of US$250 for all sizes of dry boxes will be imposed from Hapag-Lloyd for cargo sailing from United Arab Emirates, Bahrain,...


Summit Oil signs pact with Commonwealth LNG for supply to Bangladesh

Summit Oil and Shipping Co Ltd on Monday said it has signed a memorandum of understanding with Commonwealth LNG for liquefied natural gas (LNG) supply to Asia, including Bangladesh. The deal includes 1 million tonnes per year (MTPA) of LNG offtake from Commonwealth’s 8.4 MTPA facility currently...


CMA CGM implements new surcharges in Latin America

CMA CGM has announced several new peak season surcharges (PSS), which will take effect in late August and September.

Firstly, the French carrier will impose a surcharge of US$178 (€150) per TEU for dry cargoes from Colombia, Panama, Peru and the Dominican Republic to West Coast South America, which will be effective from 24 August.

On the same date, another CMA CGM PSS will be implemented from Ecuador to West Coast South America. The surcharge will be US$357 (€300) per TEU for dry cargoes.



MSC increases prices from La Spezia and Antwerp to America by US$1,000

The Swiss container line, Mediterranean Shipping Company (MSC) has announced new freight rates from the ports of La Spezia and Antwerp to Long Beach, US, Vancouver, Canada and Manzanillo, Mexico.

The updated prices will be effective from 1 September, until further notice.

Port of loading

Port of discharge


New Base Rates

Former Base Rates

Base rate 20 DV

Base rate 40 DV-HC

Base rate 20 DV

Base rate 40 DV-HC

La Spezia

Long Beach

Freight All Kinds (FAK)



Egypt’s GASC says seeking wheat in tender for Sept 24-Oct 4 shipment

Egypt’s General Authority for Supply Commodities (GASC) tendered on Friday to buy an unspecified amount of wheat from global suppliers for shipment from Sept. 24-Oct. 4 for payment using 180-day letters of credit. GASC Vice Chairman Ahmed Youssef said the authority was seeking to buy cargoes of...


Shell agrees to buy 3 million mt/year of supply from Tellurian’s Driftwood LNG

Oil major Royal Dutch Shell has agreed to buy 3 million mt/year of LNG from Tellurian’s proposed Driftwood LNG export terminal in Louisiana, the companies said in a joint statement July 29. The 10-year agreement is similar in terms to ones Tellurian signed with commodity traders Gunvor and Vitol...


China demand powers Fortescue shipments to record, beats annual estimate

Australia’s Fortescue Metals Group Ltd on Thursday narrowly beat its full-year estimate for iron ore shipments after a record fourth quarter, as strong demand from top consumer China offset the impact of bad weather. The world’s fourth-largest iron ore miner fared better than rivals Rio Tinto and...


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