Ocean carriers are proposing a General Rate Increase (GRI) on cargo bound to all points in the US and Canada from Far East and Indian origins.  In the US/Canada, a previous GRI took effect as scheduled on June 1, 2016. In addition, steamship lines have announced their intention to assess a Peak Season Surcharge (PSS) on US/Canada bound cargo effective July 1, 2016.

Published GRI levels effective July 1, 2016

For Shipments to all US/Canadian destinations:
20′ Standard Containers: USD $540
40′ Standard Containers: USD $600
40′ High-Cube Containers: USD $675
45′ Standard Containers: USD $760
LCL: USD $12 per CBM, min USD $12

Published PSS levels effective July 1, 2016

For Shipments to all US/Canadian destinations:
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

Along with our overseas partners, Deringer will try to mitigate the upcoming rate increases. Ultimately, the market will determine carriers’ flexibility. However, as a result of global economic uncertainties and a decline in spot-market rates on containerized shipments from Asia to the US/Canada, rate volatility is possible and there is potential for rates to be at, or close to, the published GRI levels.

Deringer will continue monitoring GRI/PSS announcements and will work to mitigate additional fees when possible. Please send an email to Deringer’s Marketing Department with any questions.