Major steamship lines are postponing a previously scheduled Peak Season Surcharge (PSS), from September 15, 2016, to October 1, 2016. In addition, a General Rate Increase (GRI) is scheduled to take effect on October 1, 2016.
Current freight levels for shipments to all destinations within the US (in response to the September 1st GRI and Hanjin collapse) are expected to be higher in the interim. While rates have previously leveled out within a few weeks, some industry experts expect high rates to continue for the remainder of 2016. Additionally, for USEC service, carrier space continues to be limited; for USWC service, due to extra loaders, market capacity has been increasing.
Carriers’ surcharges may vary. Proposed rates are as follows:
Announced PSS Levels – October 1, 2016:
20′ Standard Containers: USD $360
40′ Standard Containers: USD $400
40′ High-Cube Containers: USD $450
45′ Standard Containers: USD $510
LCL: USD $8 per CBM, min USD $8
GRI for shipments to all US/Canadian destinations – October 1, 2016:
20′ Standard Containers: USD $1350
40′ Standard Containers: USD $1500
40′ High-Cube Containers: USD $1690
45′ Standard Containers: USD $1900
LCL: USD $30 per CBM, min USD $30
Along with our overseas partners, Deringer will try to mitigate potential rate increases; however, the market will ultimately determine carriers’ flexibility. Please send an email to Deringer’s Marketing Department with any questions.