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

Mid-June PSS Postponed; Some Carriers Implement GRIs

Amid a volatile shipping market and concerns of U.S. West Coast slowdowns, ocean carriers have postponed the peak season surcharge from the Far East and Indian sub-continent to the U.S. and Canada. The PSS was announced earlier in the month with an effective date of June 15, which has been postponed to July 1. The proposed PSS rates are below.

$320 USD per 20’
$400 USD per 40’ STD
$450 USD per 40’ HC
$506 USD per 45’
$8 USD per CBM LCL ($8 w/m, $8 min)

The mid-June anticipated general rate increase for ocean shipments from the Far East and India to Canada has also been postponed to July 1. However, some steamship lines are opting to implement the GRI for shipments to the U.S.

Shippers should contact their Deringer representative to determine if their quoted ocean rates will be impacted by a GRI or PSS.
 

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