Last week, several shipping companies successively announced the price increase rates for routes from China to Europe and the Mediterranean in June. Taking basic European ports as an example, the overall planned price increase rate of major shipping companies in June is close to 70%.

On May 14th, MSC announced that the freight rates from the Far East to Northern Europe and the Western Mediterranean would increase. Cma CGM of France also announced that the freight rates from Asia to Europe and the Mediterranean region would rise. Meanwhile, Hapag-Lloyd also issued a notice stating that the FAK ocean freight rates between the Far East and Europe would increase. In addition, several shipping companies, including COSCO, Evergreen and Yang Ming Marine Transport, have also successively informed their customers of price hikes by phone or email, with the increase rates basically following those of these three.