General Rate Increase – China, Hong Kong, Korea and Taiwan to Australia 15th November 2016

General Rate Increase – China, Hong Kong, Korea and Taiwan to Australia 15th November 2016

Carriers have announced to the market that in order to maintain a high standard of service to customers, there will be a Rate Restoration of US$250/20’ US$500/40’ and USD10.00/per w/m from 15th November 2016, for both dry and refrigerated cargoes in the base ocean freight for cargoes from North East Asia (including China, Hong Kong, Korea and Taiwan) to ports and points in Australia.  

This increase will be applied in full on top of existing ongoing market rates to all shipments based on the GATE IN departure date of the vessel named in the bill of lading from 15th November 2016, and will be subject to ancillary surcharges applicable at the time of shipment.