November Freight Rates on the Rise: Key Routes Affected and Expert Advice

Recently, several major international shipping lines announced plans to increase freight rates in November. Additionally, previously announced Peak Season Surcharges (PSS) are about to take effect, drawing significant attention in the shipping market. Although some carriers’ late-month quotes are slightly below earlier announced increases, overall pricing power remains strong. For exporters, importers, and logistics professionals, understanding the latest rate updates and planning accordingly is essential.

1. Latest Freight Rate Announcements

1. Maersk

Announcement Date: October 9, 2025

Affected Routes: Far East to Northern Europe and the Mediterranean

Rate Increase: USD 2,500 per 40ft container (FEU)

Effective Date: November 3, 2025

2. CMA & MSC

Following Maersk’s lead, announcing similar rate increases for Far East to Europe routes.

3. HPL (HPL Lines)

Asia & Oceania to West Africa and Guinea routes:

Peak Season Surcharge (PSS) effective from October 15, 2025

Asia to West Africa: USD 600 per TEU

Asia to Conakry, Guinea: USD 1,000 per TEU

Far East to South America, Central America, Mexico, Caribbean & Panama routes:

General Rate Increase (GRI) effective from October 15, 2025

USD 1,000 per container

Puerto Rico and US Virgin Islands effective from October 21, 2025

4. MSC (Mediterranean Shipping Company)

Far East to Northern Europe, Mediterranean & Black Sea routes:

New rates effective from November 1, 2025, until further notice but no later than November 14, 2025

Far East to Sub-Saharan Africa & Indian Ocean routes:

New rates effective from November 1, 2025, until further notice but no later than November 15, 2025

2. Industry Impact Analysis

Increased Shipping Costs
Exporters and importers will face higher transportation costs, particularly for bulk shipments and long-haul routes. Early budget planning is recommended.

Tighter Capacity
The implementation of Peak Season Surcharges signals strong demand during the shipping peak season. Temporary lower quotes by some carriers do not change the overall tight capacity trend.

Higher Supply Chain Volatility
Rising freight rates may push shippers to consider alternative routes or carriers, increasing supply chain complexity.

3. Expert Recommendations

Book in Advance
Locking in space early can help avoid further rate increases, especially on critical routes during the November peak season.

Optimize Container Loads
Adjust container loading based on different PSS and GRI levels to reduce unit shipping costs.

Maintain Close Communication with Freight Forwarders
Leverage professional freight forwarding expertise to secure the best rates and optimal vessel space arrangements.