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Monthly Archives: September 2016

GRI Program Applicable From October 1st 2016

General Rate Increase

Rate Restoration Program ex NWC & MED to Australia

At the end of September, Shipping Lines  will most likely uplift the peak season surcharge that became applicable in July.

All major Shipping Lines will also apply a General Rate Increase  (G.R.I.) applicable from 01.10.2016 as per official notices showing in the attachment.

The rate restoration program aims at proposing a more sustainable level of freight rates for ship owners who are struggling  to keep regular quality services ex North of  Europe and Mediterranean sea. This program will also affect relay services for cargo moving in transshipment via Far East, as well as all direct services.

As you will notice, each Shipping Line is expressing individually the level of increase they are going to apply and relay carriers such as Maersk, Yang Ming and UASC  are likely to follow on the same path with similar values.

At present our negotiation with major Shipping  Lines is in progress. We are trying to mitigate the impact of this increase on our current quotes as well as possibly obtain a standardized increase to conform the GRI applicable among all direct carriers and among all transshipment carriers.

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North East Asia GRI Announcement Effective 15th October 2016

General Rate Increase

Ex North East Asia to Australia



Rate Restoration

Please note that carriers have advised that they intend to implement a Rate Restoration from Asia to all ports Australia in order to maintain a high standard of service to customers, the GRI announcements are as follows:
North East Asia GRI of US$500/20′ and US$1000/40′ for LCL US$10.00 per W/M from the 15th of October 2016, for both dry and refrigerated cargoes from North East Asia (including China, Hong Kong, Korea and Taiwan) to all ports and points in Australia.
This increase will be applied in full on top of existing ongoing market and spot rates to all import shipments with the Cargo Gate-in/Receive Date on or after the 15th of October 2016, and will be subject to ancillary surcharges applicable at the time of shipment.
Should you have any questions, please do not hesitate to contact your customer service representative.

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