We’ve been hearing that this year’s Peak Ocean Import Shipping Season might not be something to write home about; no surprise there, especially with the continuing tariff negotiations. One would think then that the ocean carriers might reduce rates due to the expected low shipping volumes in an effort to entice shippers to put more containers on their ships headed to the US, Canada and Mexico.
However, that is not the case and in fact hasn’t stopped the ocean carriers from announcing they will apply a General Rate Increase beginning this November. Thanks to our friends at OEC Group, we can now share with you the following General Rate Increases.
Effective November 1, 2019, A General Rate Increase (GRI) has been filed for all cargo imported from Asia ports of loading, to the U.S.A., Canada, and Mexico ports/ramps of discharge.
The proposed increases are as follows:
General Rate Increase – November 1, 2019
USD 900 / 20′
USD 1,000 / 40′
USD 1,125 / 40′ HQ
USD 1,125 / 40′ Reefer
USD 1,266 / 45′
USD 1,600 / 53′
As it is not possible to predict the future market based on the current trade conditions, we recommend all shippers continue to monitor the situation as it develops.
Should you have any questions or need any additional information, please feel free to reach out to us.
to receive our FREE white papers: