AGAINST A BACKDROP of the tentative recovery in China-Australia spot rates container lines continue to chance their hands with rate rise notifications for shipments ex Asia.
The Shanghai-Melbourne SCFI came in at USD 4290/FEU for the first week of November, up from the October average of USD 4033/FEU. By comparison September’s average was USD 4388/FEU, after a steady march up from the 2024 low of USD 1614/FEU in April.
Three carriers have announced general rate increases effective 15 November.
ANL will be implementing a GRI at USD 300/TEU dry/reefer and USD 600/FEU dry/reefer for all shipments from North East Asia to Australia East Coast. This increase will apply on top of current Spot/FAK rates subject to all applicable surcharges valid on time of shipment.
On the same date ANL’s Australian coastal import documentation fee will be increased to align with the standard import documentation fee, which is AUD 105.00.
COSCO Shipping Line will implement a Rate Restoration in full on top of existing ongoing market rates and will be subject to accessorial surcharges on its southbound Asia to Australia service, applicable to all southbound shipments from Northeast Asia to all ports and points in Australia at USD 200/TEU, USD 400/FEU, effective for all Bills of Lading dated 15 November onwards.
On that date MSC will also apply a southbound rate restoration from China, Taiwan, Hong Kong, Japan and Korea to Australia, of USD 300/TEU.
Swire Shipping has announced a GRI for all shipments from North Asia, Greater China, Southeast Asia, Arabian Gulf and Indian Sub-continent, Europe and Africa to Papua New Guinea, Solomon Islands, and Townsville, Australia; and to American Samoa, Cook Islands, Fiji, French Polynesia, Kiribati, Marshall Islands, New Caledonia, Nauru, Niue, Samoa, Tonga, Tuvalu, Vanuatu, Wallis and Futuna.
The increases are USD 500 for all 20-foot equipment and USD 1000 for 40-foot equipment, effective from 1 December.
