Market Update: Congestion Surcharges
July 28, 2021
In the first five months of 2021, 401 vessel arrivals on the transpacific and 144 on Asia-Europe were over 14 days late, according to data from Sea-Intelligence. Putting these numbers in perspective, the combined 2012 to 2020 total of such late vessel arrivals was 388 on the transpacific and 69 on Asia-Europe.
With prices increasing and schedule reliability still an issue, here are a few key updates from the major carriers relating to congestion surcharges —
One of the world’s largest shipping companies, Hapag-Lloyd, informed Value Added Surcharge(VAD), says due to the continuation of extraodinary demand from China and the resulting operational challenges along the transport chain, HPL will charge $4000/20’ and $5000/40’ in destination as VAD effective August 15, 2021.
MSC have announced that they will be collecting a Congestion surcharge payable as a local charge collected effective September 1, 2021 at destination.
The amount is USD 800/20’ 1000/40’ 1125/hc and 1266/45’ and applicable for all equipment types.
Matson has announced their third increase to USWC Congestion Surcharge effective August 5, 2021, reflecting a $2,000 OSPF increase.
With the consistent congestion in U.S. and Canadian Ports, ZIM will implement Port Surcharge and Destination Delivery Charges effective from August 1, 2021.
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