Three Major Shipping Lines Announce
Publish Time: 2025-10-16 Origin: Site
After the National Day Holiday, shipping lines have launched a wave of freight rate increases. On the 10th, the Shanghai Containerized Freight Index (SCFI) rebounded by 4.12% after a decline, ending a four-consecutive-day drop. The Europe route led the gain by nearly $100, with many routes following suit, which also drove the supply chain to shift toward emerging ports of call.
Currently, freight rates for Europe-US routes have bottomed out. To prop up freight rates, shipping lines have stepped up blank sailings and called for rate hikes, with the Europe route being the top target for increases. Shipping lines plan to raise freight rates for US-Europe routes in the middle of this month: the rate for each 40-foot container (FEU) on the US West Coast and Europe routes is expected to rise to around $2,000, while that on the US East Coast routes is expected to climb to around $3,000. The actual rate increase remains to be seen.
Shipping Lines Announce FAK Rate Increases
- CMA CGM announced that new FAK (Freight All Kinds) rates will apply to Asia-Mediterranean/North Africa freight from October 15 to 31, 2025.
Port of Loading: All major Asian ports
Port of Destination: All Mediterranean and North African ports
Container Type: Dry bulk cargo, oversized cargo, paid empty containers
Applicable Date: November 1, 2025
CMA CGM further announced that it will raise FAK rates for Asia-Mediterranean/North Africa again starting November 1, 2025.
Port of Loading: All major Asian ports
Port of Destination: All Mediterranean and North African ports
Container Type: Dry bulk cargo, oversized cargo, paid empty containers
Applicable Date: October 15 (bill of lading date) to October 31, 2025
Hapag-Lloyd announced that it will introduce new FAK rates for the Far East-Northern Europe route: $1,200 per 20-foot container (TEU) and $2,000 per FEU. For the Far East-Mediterranean route, rates will range from $2,150 to $2,700, depending on the destination.
- MSC also announced new FAK rate levels: for the Asia-Northern Europe route, $1,320 per TEU and $2,200 per FEU; for the Western Mediterranean route, $2,300 per TEU and $2,700 per FEU.