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

Christine Hosts Her Third Event as LFC Lady Chairman

Christine Hosts Her Third Event as LFC Lady Chairman

Christine Hosts Her Third Event as LFC Lady Chairman   Christine Nichols of Atlantic Pacific hosted her third lunch this year as Lady Chairman of the London Freight Club. Following ex professional sportsmen Toby Flood and Teddy Sheringham, the speaker this time...

read more
Panama Canal Drought Reduces Ship Capacity

Panama Canal Drought Reduces Ship Capacity

Panama Canal Drought Reduces Ship Capacity   A severe drought season in Central America has led to the Panama Canal Authority (ACP) reducing the capacity on larger vessels that pass through the canal. By reducing the maximum draft for ships using the waterway,...

read more
US Imports Significantly Down On Last Year

US Imports Significantly Down On Last Year

US Imports Significantly Down On Last Year   US import container volumes are significantly down, with the top 10 ports recording a 21% drop last month compared to this time last year. According to a recent Loadstar report, the number of import containers arriving...

read more
Atlantic Pacific Attend Cold Chain Connect

Atlantic Pacific Attend Cold Chain Connect

Atlantic Pacific Attend Cold Chain Connect   Atlantic Pacific we’re delighted to attend the recent Cold Chain Connect event in Ho Chi Minh, Vietnam. Kerry Borg and Kevan Childs represented us at the annual event and had a fantastic time meeting many old and new...

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