Possible General Rate Increase Effective 1st July 2018

Written on the 2 June 2018 by Peter Brueckner

We are beginning to receive notices from some shipping lines of a General Rate Increase (GRI) of USD300.00/20GP and USD600.00/40GP for all shipments from Korea, China, Taiwan and Hong Kong ports to all points in Australia.

The GRI is expected to be applied on top of existing freight rates on the 1st July 2018.

At this stage we have not received confirmation from all of the major shipping lines that this GRI will be enforced and will continue to monitor the situation with an update later this month.

Please contact us if you require further information.

Author: Peter Brueckner