Supply Chain News / Risk & Compliance / Economic Development / Ocean

Steamship Lines Announce March GRIs

Ocean carriers skipped sailings during February, rather than slow steaming or adjusting vessel size, directly impacting vessel capacity.

Steamship lines have proposed general rate increases (GRIs) as the industry continues to fluctuate. Ocean carriers skipped sailings during February, rather than slow steaming or adjusting vessel size, directly impacting vessel capacity. Meanwhile, the demand for carrier space rose in response to inclement weather conditions across the U.S. and Canada, as well as annual shutdowns following Chinese New Year.

Transpacific GRIs

Effective Mar. 15, 2014, the following GRIs have been announced for eastbound cargo moving from the Far East and India to the U.S. and Canada. Although the peak season surcharge (PSS) for this route did not take place in February as announced, the below rates are in addition to the GRI that went into effect in January.

$240 USD per 20’
$300 USD per 40’
$340 USD per 40’ HC
$380 USD per 45’
$6 USD per cbm for LCL

Many carriers have also proposed a GRI for exports to Asia effective at the beginning of March.

U.S. West Coast Exports:
$40 USD per 20’
$50 USD per 40’

U.S. East Coast Exports:
$80 USD per 20’
$100 USD per 40’

U.S. to Mediterranean GRI
Carriers have proposed a GRI for cargo exports from the Mediterranean to the U.S.

$200 USD per 20’, 40’, 45’

As a result of the increases imposed by the carriers, previously quoted rates may be subject to the above GRIs. 

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