Several leading carriers serving the Trans Pacific container trades have recently updated their respective tariffs to include new General Rate Increases (GRIs) effective May 15, 2019, including American President Lines (APL), CMA CGM, COSCO, Evergreen, Hapag Lloyd, Hyundai Merchant, Ocean Network Express (ONE), and Yang Ming. See table below for GRI amounts per 40ft container; GRI amounts for all other container sizes are as per formula. The May 15th GRIs will be the tenth GRI of 2019 for the East Asia/USA trade lane.
TRANSPACIFIC EASTBOUND (Asia to USA) |
GENERAL RATE INCREASE (GRI)
Effective May 15, 2019 |
Carrier
|
in USD, per 40ft ctr
|
APL
|
1000
|
CMA CGM
|
1000
|
COSCO (see note 1)
|
800
|
Evergreen
|
1000
|
Hapad Lloyd
|
700
|
Hyundai
|
1000
|
Maersk (see note 2)
|
600
|
ONE
|
1000
|
Yang Ming
|
1000
|
NOTE 1: COSCO GRIs apply on all cargo moving under service contracts only.
NOTE 2: Instead of filing an increase in their tariff, Maersk announced a contract increase for effective May 15, 2019 for the Far East Asia/USA trade lane. The contract increase will affect those with service contract (SC) rates that expire May 14, 2019, who want new SC rates valid May 15, 2019 and beyond. The contract increase will be USD 480/600/600/750 per 20ft/40ft/40HC/45HC dry container, respectively. Once SC rates expire on May 14, 2019, tariff rates will apply until a SC written agreement is finalized to reflect the contract increase. Filing of original SCs with FMC is required on or before the effective date; the deadline for filing SC amendments with FMC is within 30 days of scheduled effective date.
Some carriers updated their tariffs to include new General Rate Increases (GRIs) effective June 1, 2019, including American President Lines (APL), CMA CGM, COSCO, Evergreen, Hapag Lloyd, Hyundai Merchant, Ocean Network Express (ONE), and Yang Ming. See table below for GRI amounts per 40ft container; GRI amounts for all other container sizes are as per formula. The June 1st GRIs will be the eleventh GRI of 2019 for the East Asia/USA trade lane.
TRANSPACIFIC EASTBOUND (Asia to USA) |
GENERAL RATE INCREASE (GRI)
Effective June 1, 2019 |
Carrier
|
in USD, per 40ft ctr
|
APL
|
1000
|
CMA CGM
|
1000
|
COSCO (see note 1)
|
800
|
Evergreen
|
1000
|
Hapag Lloyd
|
700
|
Hyundai
|
1000
|
Maersk (see note 2)
|
600
|
ONE
|
1000
|
Yang Ming
|
1000
|
NOTE 1: COSCO GRIs apply on all cargo moving under service contracts only.
NOTE 2: Instead of filing an increase in their tariff, Maersk announced a contract increase for effective June 1, 2019 for the Far East Asia/USA trade lane. The contract increase will affect those with service contract (SC) rates that expire May 31, 2019, who want new SC rates valid June 1, 2019 and beyond. The contract increase will be USD 480/600/600/750 per 20ft/40ft/40HC/45HC dry container, respectively. Once SC rates expire on May 31, 2019, tariff rates will apply until a SC written agreement is finalized to reflect the contract increase. Filing of original SCs with FMC is required on or before the effective date; the deadline for filing SC amendments with FMC is within 30 days of scheduled effective date.
|