Carriers issue advisories on GRIs and GRRs for Asia trades effective August

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container boxesFrench container shipping line CMA CGM said it will levy a general rate restoration (GRR) on its Asia trade services effective next month.

From August 1, a GRR of US$200 per container will be imposed on all cargo from Asia (including Japan, Southeast Asia, and Bangladesh) to all Mozambique and Indian Ocean ports except Pointe des Galets (Réunion).

On the same day, all shipments from the Far East to the West Mediterranean, Adriatic, East Mediterranean, Black Sea, and North Africa will carry higher rates, added the carrier.

The GRR is $550 per TEU to the West Mediterranean, Adriatic, East Mediterranean, Black Sea, and North Africa, and EUR405 per TEU to Syria.

Similarly, a GRR is planned on the Asia-North Europe trade lane, to be effective from August 1. From All Asian ports (including Japan, Southeast Asia, and Bangladesh) to North Europe (including UK and the full range from Portugal to Russia), CMA CGM’s rate hike for all cargo is $550 per TEU.

Effective August 8, a GRR of $100 per TEU will be applied to all cargo from China and all Asian ports (including Japan, Taiwan and Southeast Asia) to Vostochny and Vladivostok.

On the other hand, Hapag-Lloyd said it will raise freight rates for all cargoes and all container types effective August 15 on two Asian trades: East Asia to the East Coast of South America (SAEC), and East Asia to Mexico, West Coast of Central America, and West Coast of South America.

The general rate increase (GRI) for the East Asia to SAEC trade is US$750 per TEU, while the GRI for East Asia to Mexico, West Coast of Central America, and West Coast of South America is $750 per TEU.

For its part, Japan’s Mitsui O.S.K. Lines (MOL) will implement its own GRR on all kinds of cargo moving from Asia to the East Coast of South America with effect from August 1.

MOL said the rate increases are US$750 per TEU, $1,500 per 40-foot dry container, and $1,000 per 40-foot RAD (NOR) containers.

It is also gearing up to levy a peak season surcharge (PSS) on cargo moving from Asia (including Southeast Asia and Japan) to Europe come August.

Effective August 1, a PSS of US$400 per TEU will apply to all commodities and equipment types destined for Northern Europe (Including UK/Ireland, Scandinavia, and Baltic) and the Mediterranean (East and West Mediterranean, Black Sea, and North Africa).

Finally, Orient Overseas Container Line (OOCL) said a rate increase on its Southeast Asia-Australia services will take effect from August 15.

Freight rates for traffic from Southeast Asia (Singapore, Thailand, Indonesia, Vietnam, Cambodia, Philippines, Indian Subcontinent, Myanmar, and the Middle East) to Australia will be increased by US$200 per TEU and $400 per FEU for both dry and refrigerated cargo.

“This increase will apply on top of existing ongoing market rates and will be subject to accessorial surcharges applicable at the time of shipment,” an OOCL statement said.

Photo: redyamflan