News / Asia-Europe carriers revise FAK rates in fight to rein in revenue erosion

Photo: Hapag-Lloyd.

While container spot rates on the transpacific are falling steadily week on week, the decline in Asia-Europe rates is accelerating, prompting ocean carriers to announce revised FAK (freight all kinds) rates for April on the tradelane.

From 1 April, Hapag-Lloyd’s new Asia-North Europe FAK rates will be $1,600 per 20ft and $3,000 per 40ft, while for western Mediterranean ports, the rates will be $2,800 and $3,500.

And MSC’s new FAK rates for North Europe, from the ...