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January 8, 2025

Global shipping companies raise rates after New Year

Recently, many world-renowned shipping companies have announced that they will raise shipping rates across the board from January 1, 2025. This news has attracted widespread attention because changes in shipping costs are directly related to the cost and efficiency of global trade. Many shipping giants, including Mediterranean Shipping Company (MSC), COSCO Shipping, Yang Ming Marine Transport, Maersk, CMA CGM and HMM, have issued price increase notices. Taking Mediterranean Shipping as an example, from January 1, 2025, the freight rate for each 40-foot container on the US West Line will increase to US$6,150, and ...

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