Carriers locked in the early-June rate-reset wave last week, and three of the four carriers covered here on Asia-Europe published their lane-by-lane rates between May 13 and May 22. CMA CGM, MSC, and Hapag-Lloyd filed new FAK structures or PSS overlays effective June 1. Maersk followed on May 25 with a separate Far East Asia → North Europe / Mediterranean PSS effective June 10 for most Far East origins and June 25 for South Korea origin. Spot has been validating the move — Drewry’s WCI composite is up roughly 21–22% since the early May low, with Asia-Mediterranean leading.
The amounts are below. What’s inside each rate isn’t directly comparable across the three carriers, and CMA CGM’s Med FAKs and MSC’s FAKs both cap at June 14.
What spot rates did last week
Drewry’s World Container Index composite closed May 21 at $2,712 per 40ft container — up 6% on the week, and the third consecutive weekly rise. From the early-May low of about $2,230, that’s a roughly 21–22% move in three weeks. Drewry attributed the rally to higher freight rates on Asia–Europe, supported by early peak-season demand and the FAK levels filed by carriers ahead of June 1.
Freightos’s May 26 print broke the move down by lane:
- Asia–Mediterranean: +20% on the week to nearly $4,400/FEU, surpassing the March high
- Asia–North Europe: up $300/FEU since the end of April to about $2,900/FEU, back to the war-time high hit in late March
- Transpacific (both Asia–USWC and Asia–USEC): more than 10% week-on-week, signalling an early start to peak season
- Drewry Intra-Asia (May 22): +2% to $959 per 40ft container
The drivers are stacking. Amazon moved Prime Day to June, pulling transpacific front-loading forward. Carriers have telegraphed July BAF hikes. Red Sea routings remain disrupted, with most Asia-Europe services still on the Cape of Good Hope under the Ocean Alliance’s DAY 10 product and Premier Alliance equivalents. And Drewry’s capacity tracker shows 41 blank sailings forecast across major East-West trades over the next five weeks — about 6% of the 700 scheduled departures between May 25 and June 28.
That’s the demand and capacity setup carriers are pricing into the June FAKs.
The June 1–14 FAK filings, lane-by-lane
All amounts are USD per container. Where two figures appear, the format is 20-foot / 40-foot or 40-foot HC.
| Destination | CMA CGM | MSC | Hapag-Lloyd |
|---|---|---|---|
| North Europe | $500/TEU PSS¹ | $2,820 / $4,700 | $2,800 / $4,300 |
| West Med | $4,000 / $5,500 | $3,750 / $5,500 | $3,900 / $5,500² |
| Adriatic | $4,100 / $5,600 | $3,750 / $5,500 | $3,900 / $5,500² |
| East Med | $4,200 / $5,700 | $3,800 / $5,400 | $3,950 / $5,600³ |
| Black Sea | $4,200 / $5,700 | $3,850 / $5,500 | $3,950 / $5,600³ |
| Algeria | $5,700 / $8,100 | $5,650 / $7,900 | — |
| Libya | — | $5,350 / $7,200 | — |
| Morocco (Casablanca) | — | $4,550 / $6,500 | — |
| Tunisia | — | $5,450 / $7,500 | — |
Validity: CMA CGM’s Med FAKs and MSC’s FAKs are both explicitly capped at June 14. Hapag-Lloyd’s announcement reads “for sailings commencing June 1, 2026” without a stated end date — a non-trivial difference. CMA CGM’s N. Europe filing is a $500/TEU PSS effective June 1 onward, with no end date, applied to deals with validity over 30 days. The carriers with mid-June caps will need follow-up FAKs before then, and whether those land at current levels or step higher is the open question for the second half of the month. Hapag-Lloyd’s rates can sit in place until the carrier files an update.
Maersk. Doesn’t appear in the table because its latest Asia-Europe move is a PSS overlay rather than a June 1–14 FAK reset. On May 25, Maersk published a Far East Asia → North Europe / Mediterranean PSS effective June 10 for most Far East origins and June 25 for South Korea origin, at $300 per 20′ and $600 per 40′ / 45′. That makes Maersk directionally aligned with the June rate push, but not directly comparable to the June 1 FAK structures from CMA CGM, MSC, and Hapag-Lloyd. Maersk’s other June filings — transpacific, ECSA, Latin America — are detailed below.
What’s actually inside the headline rate
The three published FAKs aren’t directly comparable. Same lane, same window, similar-looking number — but different things are bundled in.
CMA CGM includes basic freight, bunker-related surcharges, ETS (EU Emissions Trading System), and LLS (Low Sulphur Surcharge) in the FAK number. THC origin/destination and Safety & Security surcharges sit on top. Contingency and local charges may also apply.
MSC includes its Global Fuel Surcharge (GFS, $225/TEU) and Emission Control Area (ECA) surcharge ($15/TEU for Med and most of Northern Europe, $52/TEU for Nordic/Baltic countries). The MSC rate is subject to additional Carbon Limitation Surcharge ($20/TEU) and Carbon Review Surcharge ($78/TEU for Northern Europe, $116/TEU for Med). THC and local charges sit on top of all of that.
Hapag-Lloyd states that its Far East → North Europe and Mediterranean ocean tariff rates include Marine Fuel Recovery (MFR) and are subject to tariff conditions and surcharges. The public advisory does not fully itemize all possible add-ons beyond that, so all-in comparison still requires a quote.
The practical implication: a $5,500 West Med FAK from any of the three could land at very different all-in numbers once THC, carbon adders, and local charges resolve. The same applies to comparing the $5,400 East Med MSC rate against the $5,600 Hapag-Lloyd East Med rate — the $200 headline gap can flip in either direction depending on inclusions. Quote the all-in, not the headline.

What else carriers filed for June
Asia-Europe got the most coordinated wave, but several other lanes also have June filings on the books.
- Hapag-Lloyd, Indian Subcontinent / Pakistan / Middle East → North America: GRI of $1,000 per container (20′ and 40′ dry, reefer, and special equipment) effective for containers gated in full from June 1. Applies to US and Canada, all coasts.
- Maersk, Far East Asia → North Europe / Mediterranean: PSS effective June 10 for most Far East origins and June 25 for South Korea origin, at $300 per 20′ and $600 per 40′ / 45′.
- Maersk, Far East Asia → US/Canada: PSS effective June 17, at $1,000 per 20′ and $2,000 per 40′ / 45′.
- Maersk, Far East Asia → East Coast South America (X4FS): PSS increase effective June 4 for non-spot cargo, with origin-specific timing differences including South Korea effective June 18.
- Maersk, Far East Asia → Mexico / WCSA / Central America / Caribbean (C1E): PSS increase effective June 4, building on a prior PSS implementation that took effect in late May (May 23 non-regulated, May 26 Vietnam, June 10 regulated).
The Asia-Europe carriers that haven’t published amounts publicly in the same June 1–14 FAK structure — Ocean Network Express (Premier Alliance) and the Ocean Alliance members Evergreen, COSCO, and OOCL — may communicate comparable moves through quote channels or later advisories. Operators tracking these carriers should check those amounts separately rather than assuming the published CMA CGM, MSC, Hapag-Lloyd, and Maersk structures cover the whole market.
What to do this week
Five practical moves before June 1:
- Lock anything booking pre-June 1 at current rates. Spot was already up double digits last week. Any cargo gating in before the FAK effective date is currently the cheaper window — though the rate at quote depends on each carrier’s PCD (Price Calculation Date) rules.
- Get FAK quotes in writing with full inclusions itemized. The headline rate doesn’t tell you what’s on the invoice. CMA CGM rolls in bunker and ETS; MSC adds CLS and CRS on top; Hapag-Lloyd includes MFR but leaves the full surcharge stack less explicit. The same lane can land $300–$500 apart all-in depending on which carrier and which inclusions.
- Watch the June 14 cliff. CMA CGM’s Med FAKs and MSC’s FAKs explicitly end mid-month. If spot continues to firm into early June, expect both carriers to file follow-up FAKs at or above current levels. If spot softens, the June 15 reset is where to look for opportunity.
- Model the July BAF wave separately. Bunker-related adders are the next surcharge layer carriers have telegraphed. For multi-leg bookings spanning June and July, the June FAK is only half the cost story.
- For Maersk cargo, separate the Asia-Europe PSS from the other June PSSs. Maersk’s latest Asia-Europe PSS starts June 10 for most Far East origins and June 25 for South Korea origin. The ECSA and C1E increases hit June 4 on many origins, while the transpacific PSS lands June 17. The effective date and amount depend on lane, origin, and tariff category, so the quote still needs to be checked against the advisory.
Three of the major carriers on this trade published June 1–14 Asia-Europe FAK structures openly this round. Maersk’s latest Asia-Europe move is a public PSS overlay with later effective dates, which means the comparison work that’s straightforward for CMA CGM, MSC, and Hapag-Lloyd becomes a separate lane-and-date check for any Maersk booking. If your team is spending hours reconciling carrier monitoring across portals, advisories, and replies, a 30-minute walkthrough of how operations teams consolidate carrier signals into one view may save the spreadsheet.
What to watch into June
Two prints will resolve the next two weeks. Drewry’s May 28 WCI release will show whether the rally extended past $2,712 or paused. The SCFI Friday close will signal how Shanghai shippers are absorbing the FAK news. Continued upward moves on both put the June 15 reset above current levels and land Maersk’s transpacific PSS effective June 17 into a still-rising market. A softer print on either makes the June 14 cliff a more meaningful reset point.
Either way, booking decisions through mid-June are being made against a price structure three of the carriers covered here have published openly as June 1–14 FAK structures — with Maersk adding a separate public PSS overlay later in the month.
FAK and PSS amounts, inclusions, and effective dates referenced in this article are based on carrier advisories published between May 13 and May 25, 2026, and on trade-press reporting where carrier pages were not directly accessible. Rate structures, surcharge inclusions, and validity windows are subject to change at the carrier’s discretion. Spot rate prints (Drewry WCI, Drewry IACI, Freightos) reflect specific weekly snapshots rather than sustained averages. Operators should verify per-container amounts directly with carrier sales contacts before commercial commitments.
Need help interpreting this disruption or your shipment?
For a quick question, chat with Tradlinx on WhatsApp. For a deeper discussion, book a time below.
Prefer email? Contact us directly at min.so@tradlinx.com (Americas), sondre.lyndon@tradlinx.com (Europe), or henry.jo@tradlinx.com (EMEA/Asia).
Further Reading
- PSS – From Asia to North Europe — CMA CGM advisory, May 21, 2026
- FAK Rates – From Asia to the Mediterranean & North Africa — CMA CGM advisory, May 20, 2026
- Price Announcement: Trade from Far East to NWC, Med and Black Sea — MSC customer advisory, May 13, 2026
- Shipping between Far East and Europe: A price announcement is available — Hapag-Lloyd advisory, May 2026
- Hapag-Lloyd announces rate increase to North America — Container News (ISC/ME → NA, June 1)
- Implementation of Peak Season Surcharge (PSS) from Far East Asia to North Europe and Mediterranean (E1W/E2W) — Maersk advisory, May 25, 2026
- Peak Season Surcharge – Far East Asia to US/Canada — Maersk advisory (effective June 17)
- PSS increase Far East Asia to East Coast South America (X4FS) — Maersk advisory (effective June 4)
- PSS increase Far East Asia to Mexico, WCSA and Central America and Caribbean (C1E) — Maersk advisory, May 20, 2026 (effective June 4)
- PSS Far East Asia to Mexico, WCSA, Central America and Caribbean (C1E) — initial filing — Maersk advisory, May 11, 2026
- World Container Index (May 21, 2026) — Drewry Supply Chain Advisors
- Latest Trackers and Indices — Drewry (IACI, blank sailings, Red Sea diversion)
- Demand rebound pushing rates up for early start to ocean peak season — May 26, 2026 update — Freightos





Leave a Reply