Latest notification! Major shipping companies increase the GRI!
Maersk predicts that supply chain bottlenecks and shortages of containers due to the surge in demand will continue until the fourth quarter of 2021, and then return to normal; Xie Huiquan, general manager of Evergreen Shipping, also said previously that congestion is expected to be delayed to the 3rd quarter.
But the alleviation of congestion does not mean that freight rates will drop.
According to the analysis of Drewry, a well-known British maritime consulting agency, the industry is currently at the peak of an unprecedented business upcycle. Drewry expects that freight rates will fall by 2022, but due to "favorable supply and demand growth trends and skilled capacity management," shipping companies will try to maintain high profits.
Seaspan, the world's largest independent container ship owner, said that the hot market in the shipping market may continue until 2023-2024. Beginning last year, Seaspan has booked 37 ships madly, and these new ships are expected to be delivered in the second half of 2023 to the middle of 2024.
Crazy shipping market will not get rid of the fever in the short term. Just confirm your order for any firm demand!
The major shipping companies have recently issued a new round of price increase notices. The following official notice of the freight rate increase of the exporting country is for your reference
1. HPL
Hapag-Lloyd raised the GRI from June 1st, up to a maximum of US$1,200
East Asia includes Japan, South Korea, Mainland China, Taiwan, Hong Kong, Macau, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Brunei, Indonesia, the Philippines, and the Pacific Rim of Russia.
Original notice:https://www.hapag-lloyd.com/en/news-insights/news/2021/04/general-rate-increase---trans-pacific-trade-eastbound--east-asia.html
Hapag-Lloyd raises GRI on routes from India, the Middle East to the U.S. and Canada
Covered areas include: India, Bangladesh, Pakistan, Sri Lanka, UAE, Qatar, Bahrain, Oman, Kuwait, Saudi Arabia, Jordan and Iraq.
Original notice:https://www.hapag-lloyd.com/en/news-insights/news/2021/05/general-rate-increase---indian-subcontinent--isc--and-middle-eas.html
Hapag-Lloyd raises GRI on routes from Turkey, Greece to North America and Mexico
Original notice:https://www.hapag-lloyd.com/en/news-insights/news/2021/04/price-announcement---turkey-and-greece-to-north-america-and-mexi.html
Hapag-Lloyd imposes peak season surcharge -from Turkey to North Europe
Original notice: https://www.hapag-lloyd.com/en/news-insights/news/2021/04/price-announcement-for-peak-season-surcharge--pss----from-turkey.html
2. CMA
CMA raises GRI for Asia-North America route, up to US$1600
Original notice:http://www.cma-cgm.com/static/CA/attachments/2021 CA 99 - Import - GRI - Asia Bangladesh and ISC to US - June 1 2021 2904.pdf
3. MSC
MSC raises GRI and fuel surcharges for Asia-U.S. routes
Original notice: https://ajot.com/news/msc-gri-from-asia-to-usa-05032021
4.WANHAI LINES
From May 22, the freight rate of Wanhai Shipping's export from China to Asia will be increased: USD 300/600/600 for 20'/40'/HQ due to rising operating costs.
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