Category: General Rate Increase (GRI)
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Sea freight rates take an unexpected tumble for October!
Asia-Europe market rates have taken an unexpected tumble for October, so it would be a good time to get your bookings in before they start rising again for November sailings. Some carriers are forecasting increases up to $900 per teu next month. Usually this time of year there is an increase in freight rates as…
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Rise in Asia-Europe box volumes expected Mid September
Shipping lines are expecting a surge in volumes on the Asia-Europe trade in the coming weeks, which will support attempts to increase prices on the trade in mid-September. The reason behind these expectations is the rush as Far East suppliers export goods from China ahead of the National Day holiday, which runs from October 1…
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General Rate Increase (GRI) July 2013
FCL Sea freight rates for the Asia to Europe market have been the lowest they have been for quite some time, with rates dropping since May. Unfortunately, this is all set to change as all the major shipping lines have announced that they will be implementing heavy GRI (general rate increases) from 1st July 2013.…
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Asia-Europe rate reductions!
Make the most of your Asia imports this month and enjoy the short term benefit which comes when the shipping lines enter a “rate war” meaning hefty price cutting in sea freight rates! We currently have fantastic offers on 20’/40’/40’HQ containers from all the major ports including, Shanghai, Ningbo, Xingang, Qingdao, Dalian & Ho Chi…
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Shipping Lines March 2013 Increase
The major carriers have announced Asia-Europe March GRIs (general rate increases) ranging between $600 and $775 per teu (per 20’container) to be implemented on 15 March. Why the increases? These increases tend to happen when the shipping lines remove a number of vessels from service. By removing vessels from service the carriers maximize space and…
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General Rate Increase (GRI) – sea freight rate increases explained
As from March 1st 2012 shipping lines offering Asia-Europe services will be increasing sea freight rates within this market by up to an astonishing 750usd per TEU, close to 100% increase. WHY? Shipping Lines are saying that with the current rates they are just covering the costs of their fuel, so they need to increase…