October 18, 2024

Far East to Mediterranean – Rate Announcement

To continue offering a broad portfolio of high-quality services, Maersk are announcing an increase in FAK rates (Freight All Kinds) to come into effect on 4th Nov 2024. Details as follows:  
  • The above rates are inclusive of Basic Freight Rate (BAS), Environmental Fuel Factor (EFF) and Low Sulphur Surcharge (LSS).

  • The above rates are subject to Terminal Handling Charges (THC) and any other applicable surcharges, including Emission Surcharge for Spot (ESS), local charges, and contingency charges varying for each origin and destination port.

  • Other corridors, commodities, and container types (including reefers) that are not listed above may also be subject to increases.

  • These rates are unaffected by, and do not affect, any tariff notified, published, or filed in accordance with local regulatory requirements.

  • For trades subject to the US Shipping Act or the China Maritime Regulations, quotations or surcharges that vary from the Maersk Line tariff shall not be binding on Maersk Line unless included in a service contract or service contract amendment that has been filed with the Federal Maritime Commission (FMC) or the Shanghai Shipping Exchange, as applicable.

Source: Maersk

 

Maersk’s announcement of increased FAK rates for sea freight from the Far East to the Mediterranean signals rising shipping costs in the region. This rate adjustment could influence logistics strategies and overall shipping expenses for businesses operating in these trade routes.