According to COSCO Shipping’s announcement, the company plans to implement a new general rate restoration (GRR) for all cargo from the Far East to ports in Latin America and Africa, and the new rate will take effect in June.

Countries included in the above regions:

The Far East includes: Mainland China, Hong Kong, Taiwan, Macau, Philippines, Vietnam, Thailand, Malaysia, Singapore, Indonesia, Japan, South Korea, Brunei, Cambodia, Myanmar, Bangladesh, Pakistan, India.

West Africa includes: Nigeria, Ghana, C?te d’Ivoire, Togo, Benin, Senegal, Cameroon, Congo, Democratic Republic of (Zaire) and Congo.

East Africa includes: Tanzania, Kenya, Zambia, Rwanda, Democratic Republic of Congo, Burundi and Malawi.

South Africa includes: South Africa, Zimbabwe, Zambia and Botswana.

The east coast of South America includes: Brazil, Argentina, Uruguay and Paraguay.

The west coast of South America includes: Mexico, Chile, Peru, Colombia, Guatemala, Nicaragua, Costa Rica, El Salvador, Honduras, Bolivia and Ecuador.

Panama and the Caribbean include: Panama, Jamaica, Dominican Republic, Haiti, Puerto Rico, Trinidad and Tobago, Suriname, Guyana and the Caribbean of Mexico, Guatemala, Honduras, Costa Rica and Colombia.

CMA CGM will implement new FAK rates from July 1st

CMA CGM announced new various freight (FAK) rates from the Mediterranean and Northern Europe to multiple destinations around the world starting July 1. 

The new FAK rates apply to dry containers, reefer containers and tanks, as well as special equipment.