Here we go again! It’s hard to believe with the cargo volumes down tremendously that the Ocean Carriers for Asia to USA, Canada and Mexico markets are actually seeking another General Rate Increase. On the other hand, they do need to raise revenues as quickly as possible to offset the shipping slowdown.
Effective June 1, 2020 General Rate Increase (GRI) has been filed for all cargo imported from Asia ports of loading, to U.S.A., Canada, and Mexico ports/ramps of discharge.
The proposed increases are as follows:
General Rate Increase – June 1, 2020
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′
It certainly is not possible to predict current and future markets based on the current trade conditions, so stay tuned for further up-dates.
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