Good afternoon All
After we hit the market rate lows in June this year (when we advised our clients to ship as much product as possible), we saw a historic General Rate Increase (GRI) of USD 1000/20 (TEU) in July, followed by a USD 500/TEU increase in August and we're now seeing another hefty increase for September of USD 500/TEU.
Seems the lines are determined to keep the pressure on with a stream of rate increases to recover any losses they've made in the first half of 2013.
The question is, what rates are you paying in August 2013 - the reason I ask is that I visited a company this week with full container traffic ex Shanghai and firstly, their forwarder hadn't even let them know their rates for August but when they did confirm them, the rates were USD 425/20 and USD 750/40 more than the rates we could achieve - a huge difference.
It really pays to investigate this area and ensure you're paying a competitive rate, especially as more increases are on the way.
Below sample of GRI notification from MSC.
http://www.mscgva.ch/news/news_detail_eid_959_lid_2.html
Kind Regards
Andy Cliff
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