General Rate Increases

Transpacific Eastbound Carriers Update GRI

20 April 2015

Several carrier members of the Transpacific Stabilization Agreement (TSA), serving the East Asia/USA trade lanes, implemented General Rate Increases (GRIs) effective in March 2015. Carrier members , K Line,Yang Ming and Maersk implemented GRIs effective March 9, 2015. Hapag Lloyd postponed the effective date of this GRI from March 9, 2015 to March 16, 2015 and again to March 23, 2015. NYK Line postponed this GRI to April 1, 2015. Carrier members American President Lines (APL), CMA CGM, COSCO, Evergreen, Hanjin, Hyundai, and OOCL cancelled this GRI. Hapag Lloyd applied a GRI for origins in India, Pakistan, Sri Lanka, and Bangladesh, effective March 20, 2015; APL postponed their GRI for the same origins to May 1, 2015. This was the third GRI of the year for the East Asia/USA trade lane.

Several of the group's member carriers have also filed a second GRI, effective April 9, 2015, of USD 600 per FEU, with amounts for 20' containers varying by carrier. Carrier members who filed April GRIs include APL, CMA CGM, COSCO, Evergreen, Hanjin, Hapag Lloyd, Hyundai, K Line, Maersk, OOCL, Yang Ming, and NYK Line. APL will not apply the GRI to cargo originating in Japan. This will be the fourth GRI of the year for the East Asia/USA trade lane.

Member carriers Evergreen and Hyundai updated their FMC tariff to reflect GRIs of USD 1000 per FEU; OOCL filed a GRI at USD 800 per FEU; Hanjin filed a GRI at USD 600 per FEU. Hapag Lloyd will apply a GRI of USD 200 per FEU for origins in India, Pakistan, Sri Lanka, and Bangladesh, effective May 1, 2015. This will be the fifth GRI of the year for the East Asia/USA trade lane.

The TSA's fifteen carrier members are: American President Lines, China Shipping Container Lines, CMA CGM, COSCO Container Lines, Evergreen Marine, Hanjin Shipping, Hapag-Lloyd AG, Hyundai Merchant Marine, "K" Line, Maersk Line, Mediterranean Shipping, NYK Line, OOCL, Yang Ming Marine, and Zim Integrated Shipping Services.