Hapag-Lloyd Recognizes Reality of Brazilian Competition With Peak Surcharge — Panjiva
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Hapag-Lloyd Recognizes Reality of Brazilian Competition With Peak Surcharge

Brazil 260 Corp - Shipping 608 Mode - Containerized 1005 Theme - Rates 141

Hapag-Lloyd has implemented peak season surcharges on container shipments from Europe to the east coast of South America. That’s part of a sector-wide effort to improve profitability after rates in 2Q failed to keep track with fuel and handling costs. The matter is pressing for Hapag-Lloyd as it had to cut its profit guidance for 2018 as a result. It has been one of the fastest growing liners on Europe-Brazil lanes with a 40% rise in shipments in the three months to May 31. That’s still left it in third place behind Maersk (which handled 2.1x as many containers) and MSC (1.6x bigger), pe...

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