While expectations for a strong Peak Ocean Import Shipping Season continue to wane, (no surprise here). This is especially true due to the ongoing saga of tariff negotiations between the US and China). One would think the ocean carriers would be reducing 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.
Well, as in the past, that is not the case and in fact additional General Rate Increases, (GRI) are scheduled to become effective on December 1, 2019. These December GRI increases come right on top of the November 1, 2019 General Rate Increases recently imposed. Thanks to our friends at OEC Group, we can now share with you the following December 1, 2019 General Rate Increases.
Effective December, 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 – December 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.
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