More Ocean Freight General Rate Increases on the Horizon – No Surprise here!
In a recent conversation with an executive of a major steamship line, we were advised that tight capacity issues in the Asia Eastbound markets will continue with no end in sight. That fact is the main reason why additional General Rate Increases are being published for these heavy volume trade lanes.
Effective March 1, 2021, a General Rate Increase (GRI) has been filed for all cargo imported from Asia ports of loading to the US, Canada, and Mexico ports and ramps of discharge.
The proposed increases are as follows:
General Rate Increase – March 1, 2021
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′
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