The pain of paying ever-rising ocean rates for US Importers will continue into May and there is no end in sight. Effective May 1, 2021, a 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:
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′
If US importers are waiting to finalize their 2021 ocean contracts with the steamship lines in the hopes that rates will start to decline soon, a word of advice. Don’t wait any longer because there is no end in sight to these General Rate Increases. And, to add insult to injury, getting your containers on the ship, even at these greatly increased prices will be the real challenge.
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