Home » Breaking News, Maritime » MSC sets GRI, BAF for Far East-West Africa shipments

Geneva-based carrier Mediterranean Shipping Co. (MSC) has revised upward the general rate increase (GRI) it plans to levy from July on the Far East-West Africa trade route.

In a June 9 announcement, MSC said it is amending its planned rate hike set for July 1 for all cargo from the Far East to West Africa, including Angola. The revised GRIs will be US$500 per 20-foot container from the previous $250, and $1,000 per 40-foot container from $500.

A few days earlier, the shipping line said it will impose a bunker adjustment factor (BAF) on all cargo carried on the same route, likewise effective from July 1. The BAF will be adjusted to $971 per 20-foot-equivalent unit.

The company has also announced a GRI to be applied to all dry cargo from North Europe to the Far East, including Japan, from July 1. Rates will be boosted by $200 per 20-foot dry container and $250 per 40-foot dry container.


Photo: wirralwater

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