Asia to US Rate Development (through Oct 2016)

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Asia to US Rate Development (through Oct 2016)

Posted on Aug 2

10/14/2016:
Please find below updates to the following items:

Update to General Rate Increase 10/15/16
Update to General Rate Increase 10/16/16
Update to Peak Season Surcharge effective 10/15/16
General Rate Increase 11/15/16

Based on market development we are able to mitigate the General Rate Increase effective 10/15/16 (date of cargo receipt at origin) to the following level:
General Rate Increase (GRI) Effective 10/15/16 (date of cargo receipt at origin):
From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: Ports of Discharge on the West Coast and inland points in California, Oregon and Washington

USD 225 (from USD 1440) per 20′ standard container
USD 250 (from USD 1600) per 40′ standard container
USD 250 (from USD 1790) per 40′ high-cube container
USD 317 (from USD 1990) per 45′ standard container
USD 5 (from USD 32) w/m

From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: All inland points via Ports of Discharge on the West Coast except inland points in CA, OR and WA

From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: Ports of Discharge on the East and Gulf Coast and inland points via said ports

USD 270 (from USD 1440) per 20′ standard container
USD 300 (from USD 1600) per 40′ standard container
USD 300 (from USD 1790) per 40′ high-cube container
USD 380 (from USD 1990) per 45′ standard container
USD 6 (from USD 32) w/m

The General Rate Increase will be applied on all dry and refrigerated container rates.
The General Rate Increase filed to become effective 10/16/16 is postponed to 11/01/16 at the following levels:
General Rate Increase (GRI) Effective 11/01/16 (date of cargo receipt at origin):
From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: All ports in the US and Canada

USD 720 per 20′ standard container
USD 800 per 40′ standard container
USD 800 per 40′ high-cube container
USD 920 per 45′ standard container
USD 16 (from USD 20) w/m

The General Rate Increase will be applied on all dry and refrigerated container rates.
We postpone the Peak Season Surcharge set to become effective 10/15/16 further to 11/01/16. Our expectation is that carriers will not implement this seasonal surcharge at all, but some carriers have not eliminated it completely at this point which forces us to keep the surcharge in our tariff, too.
Currently, no Peak Season Surcharge is in effect on the TPEB lanes.
In anticipation of further carrier action mid-November we are filing the following General Rate Increase effective 11/15/16:
General Rate Increase (GRI) Effective 11/15/16 (date of cargo receipt at origin):
From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: All U.S. and Canadian Ports of Discharge and inland points via said ports

USD 1440 per 20′ standard container
USD 1600 per 40′ standard container
USD 1790 per 40′ high-cube container
USD 1990 per 45′ standard container
USD 32 w/m

This GRI applies to all rates for dry, reefer, flat rack and open top containers filed in our tariff or agreed to in Negotiated Rate Agreements.
This GRI is filed at a high precautious level to guard against further carrier action, we expect it to be dramatically reduced at the time it becomes effective.
09/29/2016:
With this announcement we would like to inform you about the following topics:

Update to General Rate Increase 10/01/16
Update to Peak Season Surcharge effective 10/01/16
General Rate Increase effective 11/01/16

Market conditions allow us to postpone the General Rate Increase that was scheduled to get into effect on 10/01/16 to 10/15/16.
We also postpone the Peak Season Surcharge filed to become effective 10/01/16 to 10/15/16, so currently no Peak Season Surcharge is in place.
As expected carriers continue their push for higher rate levels, they advised the next General Rate Increase for 11/01/16. We therefore have filed the following in our tariff today:
General Rate Increase (GRI) Effective 11/01/16 (date of cargo receipt at origin):
From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: All ports and inland points in the US and Canada

USD 540 per 20′ standard container
USD 600 per 40′ standard container
USD 600 per 40′ high-cube container
USD 760 per 45′ standard container
USD 12 w/m

The General Rate Increase will be applied on all dry and refrigerated container rates, and applies to rates in our tariff and in Negotiated Rate Agreements.
09/19/2016:
With this announcement we would like to inform you about the following topics:

Update to General Rate Increase 09/15/16
Update to Peak Season Surcharge effective 09/15/16
General Rate Increase 10/15/16

We are pleased to announce that we can cancel the General Rate Increase that was scheduled to get into effect on 09/15/16.
We are also postponing the effective date for the Peak Season Surcharge scheduled to become effective 09/15/16 to 10/01/16.
Some carrier have announced further plans to increase rates again on 10/16/16, we therefore have filed the following General Rate Increase in our tariff:
General Rate Increase (GRI) Effective 10/16/16 (date of cargo receipt at origin):
From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: All ports in the US and Canada

USD 720 per 20′ standard container
USD 800 per 40′ standard container
USD 800 per 40′ high-cube container
USD 920 per 45′ standard container
USD 16 (from USD 20) w/m

The General Rate Increase will be applied on all dry and refrigerated container rates.
As usual we will adjust the currently scheduled increases based on the market conditions at the time they become effective.

09/01/2016:
With this announcement we would like to inform you about the following topics:

Update to General Rate Increase 09/01/16
Update to Peak Season Surcharge
General Rate Increase 10/01/16

Due to the current market situation, heavily impacted by Hanjin Shipping’s announcement to file for court receivership resulting in a at least temporary stop in operation, carriers are implementing the General Rate Increase effective 09/01/16 almost at full levels which are assumed to stick due to the current uncertainty about the market and capacity developments over the next few months.
We are therefore forced to split the General Rate Increase filed for 09/01/16 into two parts becoming effective on 09/01/16 and 09/15/16 as follows:
General Rate Increase (GRI) Effective 09/01/16 (date of cargo receipt at origin):
From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: Ports of Discharge on the West Coast and inland points in California, Oregon and Washington

USD 540 (from USD 900) per 20′ standard container
USD 600 (from USD 1000) per 40′ standard container
USD 600 (from USD 1000) per 40′ high-cube container
USD 760 (from USD 1266) per 45′ standard container
USD 12 (from USD 20) w/m

From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: All inland points via Ports of Discharge on the West Coast except inland points in CA, OR and WA

From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: Ports of Discharge on the East and Gulf Coast and inland points via said ports

USD 720 (from USD 900) per 20′ standard container
USD 800 (from USD 1000) per 40′ standard container
USD 800 (from USD 1000) per 40′ high-cube container
USD 1015 (from USD 1266) per 45′ standard container
USD 16 (from USD 20) w/m

The General Rate Increase will be applied on all dry and refrigerated container rates.
General Rate Increase (GRI) Effective 09/15/16 (date of cargo receipt at origin):
From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: Ports of Discharge on the West Coast and inland points in California, Oregon and Washington

USD 360 (from USD 900) per 20′ standard container
USD 400 (from USD 1000) per 40′ standard container
USD 400 (from USD 1000) per 40′ high-cube container
USD 506 (from USD 1266) per 45′ standard container
USD 8 (from USD 20) w/m

From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: All inland points via Ports of Discharge on the West Coast except inland points in CA, OR and WA

From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: Ports of Discharge on the East and Gulf Coast and inland points via said ports

USD 180 (from USD 900) per 20′ standard container
USD 200 (from USD 1000) per 40′ standard container
USD 200 (from USD 1000) per 40′ high-cube container
USD 251 (from USD 1266) per 45′ standard container
USD 4 (from USD 20) w/m

The General Rate Increase will be applied on all dry and refrigerated container rates.
The Peak Season Surcharge (PSS) increase scheduled to become effective on 09/01/16 is being postponed to 09/15/16 (date of cargo receipt at origin), remaining at the initial levels filed.
Carriers are expecting that the Hanjin situation will reduce available capacity in the market until the final decision has been made by the bankruptcy court in Korea if Hanjin will be liquidated or if it can continue doing business under court supervision, or if possibly another carrier buys Hanjin’s assets whole or partially. This process can take a few weeks or a few months, depending on various factors including the Korean government’s stance on protecting the Korean shipping industry that is, of course, larger than Hanjin with ripple effects on ports, especially Busan, port operators, terminals, truckers, rail carriers and many other entities involved.
Based on this carrier have announced another rather steep General Rate Increase to become effective 10/01/16.
Due to this we have today filed the following rate increase in our tariff:
General Rate Increase (GRI) Effective 10/01/16 (date of cargo receipt at origin):
From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: All U.S. and Canadian Ports of Discharge and inland points via said ports

USD 1440 per 20′ standard container
USD 1600 per 40′ standard container
USD 1790 per 40′ high-cube container
USD 1990 per 45′ standard container
USD 32 w/m

This GRI applies to all rates for dry, reefer, flat rack and open top containers filed in our tariff or agreed to in Negotiated Rate Agreements.
The final increase levels will be determined by the market situation late September/early October and will be adjusted if market conditions allow.

08/18/2016:
The increase in the Peak Season Surcharge filed with an effective date of 08/15/16 is being postponed until 09/01/16.
The current Peak Season Surcharge will be cancelled effective 08/15/16 (date cargo received at origin) until 08/31/16.
The Peak Season Surcharge (PSS) will be applied on all dry and refrigerated container rates.

08/01/2016
With this announcement we would like to inform you about the following topics:

Update to General Rate Increase 08/01/16
Update to Peak Season Surcharge
General Rate Increase 09/01/16

The General Rate Increase filed for 08/01/16 is being mitigated as shown below as the market does not support the initially filed increase levels at this point. As of 08/01/16 (date of cargo receipt at origin) rates will increase as follows:
General Rate Increase (GRI) Effective 08/01/16 (date of cargo receipt at origin):
From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: Ports of Discharge on the West Coast and inland points in California, Oregon and Washington

USD 45 (initially USD 900) per 20′ standard container
USD 50 (initially USD 1000) per 40′ standard container
USD 50 (initially USD 1000) per 40′ high-cube container
USD 65 (initially USD 1266) per 45′ standard container
USD 1 (initially USD 20) w/m

From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: All inland points via Ports of Discharge on the West Coast except inland points in CA, OR and WA

USD 135 (initially USD 900) per 20′ standard container
USD 150 (initially USD 1000) per 40′ standard container
USD 150 (initially USD 1000) per 40′ high-cube container
USD 190 (initially USD 1266) per 45′ standard container
USD 3 (initially USD 20) w/m

From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: Ports of Discharge on the East and Gulf Coast and inland points via said ports

USD 180 (initially USD 900) per 20′ standard container
USD 200 (initially USD 1000) per 40′ standard container
USD 200 (initially USD 1000) per 40′ high-cube container
USD 255 (initially USD 1266) per 45′ standard container
USD 4 (initially USD 20) w/m

This GRI applies to all rates for dry, reefer, flat rack and open top containers filed in our tariff or agreed to in Negotiated Rate Agreements.
The Peak Season Surcharge currently in place will be reduced to the following levels effective 08/01/16 (date of cargo receipt at origin):
Peak Season Surcharge
Effective Date: August 1, 2016 (date of cargo receipt at origin)
From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: Ports of Discharge on the West Coast and inland points in California, Oregon and Washington

USD 45 (from USD 225) per 20′ standard container
USD 50 (from USD 250) per 40′ standard container
USD 50 (from USD 250) per 40′ high-cube container
USD 65 (from USD 320) per 45′ standard container
USD 1 (from USD 5) w/m

From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: All inland points via Ports of Discharge on the West Coast except inland points in CA, OR and WA

USD 135 (from USD 225) per 20′ standard container
USD 150 (from USD 250) per 40′ standard container
USD 150 (from USD 250) per 40′ high-cube container
USD 190 (from USD 320) per 45′ standard container
USD 3 (initially USD 5) w/m

From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: Ports of Discharge on the East and Gulf Coast and inland points via said ports

USD 45 (from USD 180) per 20′ standard container
USD 50 (from USD 200) per 40′ standard container
USD 50 (from USD 200) per 40′ high-cube container
USD 65 (from USD 255) per 45′ standard container
USD 1 (initially USD 4) w/m

The Peak Season Surcharge (PSS) will be applied on all dry and refrigerated container rates.
Effective 09/01/16 carriers plan to implement a General Rate Increase with levels varying by carrier. We therefore have filed a “worst case scenario” GRI based on the highest levels received in the market, which will be mitigated to the final level at the effective date:
General Rate Increase (GRI) Effective 09/01/16 (date of cargo receipt at origin):
From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: All U.S. and Canadian Ports of Discharge and inland points via said ports

USD 900 per 20′ standard container
USD 1000 per 40′ standard container
USD 1000 per 40′ high-cube container
USD 1000 per 40′ reefer container
USD 1266 per 45′ standard container
USD 20 w/m

This GRI applies to all rates for dry, reefer, flat rack and open top containers filed in our tariff or agreed to in Negotiated Rate Agreements.