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Shipping Companies Begin Raising Prices! Transpacific Freight Rates Surge Again?

Maritime Shipping Network 2025-08-30 11:29:00

This year, the traditional seasonal rhythm of the shipping market has been completely disrupted. Among them, the freight rates for the US route have continued to decline for two consecutive months, and the freight rates for the European route have also shown a weak trend recently. Currently, entering early September, the pressure of capacity supply in the market has eased compared to the end of August, and the downward trend of freight rates may see a temporary slowdown.

As the Golden Week in late September approaches, the market anticipates a surge in shipments, and the US route is expected to experience a short-term transportation peak as a result. However, it is still difficult to accurately predict how freight rates will change subsequently.

It is worth mentioning that recently some shipping companies have successively announced a new round of freight rate adjustment plans for September. Companies such as Maersk, CMA CGM, and Hapag-Lloyd will make adjustments to the rates on certain routes.

Maersk

Maersk is adjusting the scope of the Peak Season Surcharge (PSS), announcing the imposition of a PSS from the Asia-Pacific region to the Middle East. Starting from September 10, 2025, a surcharge of USD 700 per container will be levied on shipments from Brunei, China, Hong Kong (China), Vietnam, Indonesia, Japan, Cambodia, Laos, Myanmar, Malaysia, Philippines, Singapore, Thailand, Timor-Leste, and South Korea to the United Arab Emirates, Bahrain, Iraq, Jordan, Kuwait, Oman, Qatar, and Saudi Arabia.

At the same time, Maersk is adjusting the Peak Season Surcharge (PSS) from China, Japan, Singapore, Malaysia, Indonesia, Vietnam, Cambodia, Laos, Thailand, Myanmar, the Philippines, Brunei, Hong Kong (China), Taiwan (China), and South Korea to India (INPPV/INJHT/INLT4), Pakistan, and the Maldives. The effective date is September 11, 2025; a Peak Season Surcharge of USD 400 per container will be applied.

Far East to West Africa PSS

To continue providing reliable and efficient services to our customers, CMA CGM has decided to implement a Peak Season Surcharge (PSS). The specific information is as follows:

Effective date: From September 15, 2025, until further notice.

Port of departure: Northeast Asia, Southeast Asia, as well as China, Hong Kong Special Administrative Region of China, and Macao Special Administrative Region of China.

Port of destination: Ports in the West Africa region

Applicable goods: dry goods and refrigerated goods

The fee standard: 500 USD per standard container.

From the Far East to Central and Southern West Africa

From September 1, 2025, the freight rate for dry cargo containers from the Far East (including Northeast Asia, Southeast Asia, China, and Hong Kong and Macau SAR of China) to the Central West Africa region (Nigeria, Ivory Coast, Benin, Ghana, Togo, Equatorial Guinea) and the Southern region (Angola, Congo, Democratic Republic of the Congo, Namibia, Gabon, Cameroon) will be increased by 250 USD/TEU.

Far East to East Africa

From the Far East to Kenya, Tanzania (Dar es Salaam only), and Mozambique, starting from September 1, 2025, Kenya will increase by USD 150/TEU, and Dar es Salaam and Mozambique will increase by USD 200/TEU.

Hapag-Lloyd

Asia-Pacific and Oceania to West Africa

Starting from August 25, 2025, a peak season surcharge of 200 USD/TEU will be imposed on shipments to the six designated ports: Nouakchott (Mauritania), Dakar (Senegal), Banjul (Gambia), Conakry (Guinea), Freetown (Sierra Leone), and Monrovia (Liberia).

Asia-Pacific and Oceania to Central and West Africa

Starting from August 31, 2025, a peak season surcharge of 400 USD/TEU will be imposed on cargo shipped to multiple ports in Angola, Republic of the Congo, Democratic Republic of the Congo, Gabon, Equatorial Guinea, Cameroon, Namibia, and other countries.

Far East to East Coast of South America route

Effective from September 1, 2025, the General Rate Increase (GRI) for all containers loaded from the Far East region (including China, South Korea, Japan, Southeast Asian countries, etc.) to base ports on the East Coast of South America (including Brazil, Argentina, Uruguay, Paraguay) will be increased by 500 USD per container, valid until further notice.

U.S. routes may experience a short-term surge in transportation demand.

In the current global trade situation, container shipping on U.S. routes is expected to see a slight recovery in the coming months, potentially experiencing a brief "mini-boom." This is primarily driven by changes in the U.S.-China trade war and new port fee policies.

Recent changes in U.S. trade policy have impacted the global shipping market. Tariffs on China have been suspended until November 10th, maintaining a rate of 10%, while specific product tariffs still exist. There have also been adjustments to tariff policies for countries like Brazil. This uncertainty has made shippers hesitant in their transportation planning. However, with the Christmas shopping season approaching, shippers are under time pressure and are expected to increase shipping volumes in the coming weeks.

A similar situation occurred in May and June this year, where a suspension of tariffs led to a short-term surge in demand and a spike in freight rates. It is expected that the demand for the Pacific route will fluctuate again in August and September. However, shipping companies face challenges in adjusting capacity. For instance, although demand in the North American market is flat this week, liner companies have reduced capacity, resulting in a slight drop in freight rates.

Furthermore, the new port fees following the U.S. Section 301 investigation on Chinese vessels are expected to take effect in October, significantly impacting Chinese shipping companies. To reduce the financial burden, shipping companies may adjust their routes. For instance, COSCO Shipping and its subsidiary, Orient Overseas Container Line (OOCL), might reduce calls at U.S. ports, and OOCL has already announced that its new Pacific route will bypass ports such as Los Angeles.

In the coming months, the demand for U.S. airline transportation will face significant fluctuations. Under the dual impact of the trade war and new fee policies, shipping companies and cargo owners need to closely monitor changes to address market challenges.

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Shipping Companies Begin Raising Prices! Transpacific Freight Rates Surge Again?

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