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World Trade Magazine Reports Shipping Rate Increases from India

World Trade Magazine Reports Shipping Rate Increases from India

Major steamship lines have been announcing monthly general rate increases (GRI) for transpacific cargo from the Far East and India to Canada and the U.S. In many cases, the GRIs have been mitigated or eliminated. Effective November 15, 2014, ocean carriers intend to implement a GRI that some trade officials believe will come to fruition.

$480 per 20’ Container
$600 per 40’ Container
$675 per 40’ High Cube Container
$760 per 45’ Container
$12 per 35.315ft³ ($12 minimum)

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