General Rate Increase – China, Hong Kong, Korea and Taiwan to Australia 1st March 2017

General Rate Increase – China, Hong Kong, Korea and Taiwan to Australia 1st March 2017

Carriers have announced to North East Asia to Australia clients a General Rate Increase (GRI) that is to apply to all vessels sailing ex China, Hong Kong, Korea and Taiwan to all Australian ports.

The announced increase is to be effective from 1st March 2017 (pro-forma sailing date)

The increase is as follows:

USD $300.00 per TEU USD $600.00 per FEU and USD12.00/per CBM

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 actual departure date of the vessel named in the bill of lading from 1st March 2017, and will be subject to ancillary surcharges applicable at the time of shipment.