Hapag-Lloyd, CMA CGM peak surcharges come without a peak season

Corp - Shipping 906 European Union 746 Mode - Containerized 1387 Mode - Seaborne 1724 Theme - Rates 213 U.S. 5064

Hapag-Lloyd and CMA CGM have applied peak season surcharges to shipping rates from Europe to North America of $500 per FEU (forty-foot equivalent units) and $1,000 per FEU respectively for departures from June 1. For context Hapag-Lloyd’s new rate on Mediterranean to U.S. east coast routes is now $8.275 per FEU. The increases follow a 22.7% year over year surge in shipments to U.S. east coast ports from European ports in April to a record of over 425,000 TEUs. Notably there hasn’t been a consistent peak season for shipments on the lanes in the past four years. Both CMA CGM and Hapag-Lloy...

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