Tag: General rate increase
-
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…