Major steamship lines have postponed the scheduled October 1, 2016, General Rate Increase (GRI), and instead will try to implement on October 15th. Early indications are that the October 15th rate increase will be minimal, and there is a good possibility that the GRI is cancelled altogether. In addition, a Peak Season Surcharge (PSS) scheduled for October 1, 2016, has been indefinitely postponed.
With the PSS postponed and GRI expected to be minimal, it is unlikely that we will see a significant rate increase between now and the end of October. However, due to carrier over-booking and business closures in advance of China’s National Day Holiday, celebrated on October 1, 2016, cargo delays are expected. Additionally, lingering effects from the Hanjin collapse can still be felt as carrier space continues to be limited for USEC and USWC service.
Carriers’ surcharges may vary. Projected rates are as follows:
GRI for shipments to all US/Canadian destinations – October 15, 2016:
20′ Standard Containers: USD $200
40′ Standard Containers: USD $400
40′ High-Cube Containers: USD $400
45′ Standard Containers: USD $500
LCL: USD $5 per CBM
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.