Home » Breaking News, Maritime » Rate hikes loom for East Asia-North America trade
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Hapag-Lloyd announced general rate increases (GRIs) for all dry, reefer, flat-rack and open-top containers from East Asia to all U.S. and Canada destinations effective July 1.

In a May 23 statement, the German box ship said the rate hikes for the East Asia-U.S. and Canada services will be as follows:

* To U.S. West Coast ports, Vancouver, and British Columbia Province, the GRIs are US$320 per 20-foot standard container, $400 per 40-foot standard container, $450 per 40-foot high-cube container, and $506 per 45-foot container.

* To U.S. East Coast ports and U.S. inland point intermodal and reverse inland point intermodal locations, Toronto, Montreal, Halifax all-water, and all other Canada inlands, the rates will increase by $480 per 20-foot standard container, $600 per 40-foot standard container, $675 per 40-foot high-cube container, and $760 per 45-foot container.

East Asia is defined as the countries of Japan, Korea, Taiwan, Hong Kong, China, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Brunei, Indonesia, Philippines, and the Russian Pacific Coast provinces.

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