Asia: Ocean GRI’s On The Horizon For May?

April 18, 2023

Asia: Ocean GRI’s On The Horizon For May?

 

Varying reports are indicating that a General Rate Increase (GRI) may be on the horizon for May, with regard to ocean freight shipments from Asia. 

Suggesting that demand is starting to return, and following weeks of blanked sailings due to capacity management programmes, carriers have seemingly positioned themselves to be able to push rates upwards.

By manufacturing a demand level that has often exceeded recent capacity, we’ve witnessed limited space, booking rollovers and some increases in spot rates during the past few weeks.

However, as the traditional peak season approaches, we could expect more capacity to return to the market. Therefore, it is currently unclear whether a GRI can be upheld.

Atlantic Pacific will be monitoring any movements closely during the next week or two and will update further should GRI’s be officially announced.

Other News

Atlantic Pacific Festive Season Business Hours

Atlantic Pacific Festive Season Business Hours

Atlantic Pacific Festive Season Business Hours   Herewith the Atlantic Pacific business hours for operations and customer service in the UK, Ireland, and USA, during the upcoming holiday season.UK & Ireland Friday 22nd December - Open until 1pmSaturday 23rd...

read more
Our Christmas Video For This Year

Our Christmas Video For This Year

This Year's Atlantic Pacific Christmas Video   Maybe not quite as eagerly awaited as John Lewis, but an Atlantic Pacific Christmas video is now a traditional part of the festive season for us, and it's time to share our latest version. We hope you enjoy!...

read more
Ocean GRI Proposals Circulating Again

Ocean GRI Proposals Circulating Again

Ocean GRI Proposals Circulating Again   Despite numerous attempts to raise rates this year, which have largely failed, General Rate Increases (GRI's) are once more being suggested for December. Originally proposed for December 1st, there are now rumblings that...

read more

Follow us on social media

Ocean Freight Solutions

Flexible FCL and LCL solutions with all major carriers and alliances.

View More

Air Freight Services

Contracts with all major airlines and our own consolidation services.

View More

European Road Freight

Pan European services for economy, express, full load, and intermodal.

View More

Supply Chain Solutions

Tailored solutions built exclusively around your business requirements.

View More

Customs

A one-stop shop brokerage service for all of your customs requirements.

View More