Asia to US Rate Development (through December 2016)

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Asia to US Rate Development (through December 2016)

Posted on Nov 2

12/30/2016:
Please find below updates to the following items:

Update to General Rate Increase 01/01/17
Update to Peak Season Surcharge
General Rate Increase Filed 02/01/17

Although the space situation on the TPEB lanes is negatively impacted by the approaching Chinese new year we are able to reduce the General Rate Increase levels initially filed to become effective 01/01/17 (date of cargo receipt at origin) as stated below.
Chinese New Year will start on 01/27/17 and last until 02/02/17, but as usual factories will close down before and after these dates to allow workers to travel to their hometowns for the festivities. It is therefore expected that a large push to clear inventories will happen between now and mid-January, followed by an even harder push to move everything ready to ship out prior to the closings, which will most likely result in additional increases in rates on 01/15/17 when the next General Rate Increase is going into effect.
We recommend to book any freight as early as possible to increase the chance for freight being accepted and shipped, but need to advise that during the next few weeks freight might not be accepted at the usual routings or might be rolled at origin to later sailings because of an expected large influx of cargo.
The General Rate Increase for 01/01/17 is being mitigated as follows:
General Rate Increase (GRI) Effective 01/01/17 (date of cargo receipt at origin):
From: All Asia (includes Far East) and Indian Sub-Continent Ports of Load
To: All ports/destinations in the US and Canada

USD 540 (from USD 923) per 20′ standard container
USD 600 (from USD 1025) per 40′ standard container
USD 675 (from USD 1155) per 40′ high-cube container
USD 760 (from USD 2198) per 45′ standard container
USD 12 (from USD 21) w/m

The General Rate Increase will be applied on all dry and refrigerated container rates.
Carriers have announced further increases to become effective 02/01/17, we therefore have filed the following General Rate Increase in our tariff today:
General Rate Increase (GRI) Effective 02/01/17 (date of cargo receipt at origin):
From: Australia/New Zealand, Far East, Indian Sub-Continent, Middle East (Bahrain, Bangladesh, Brunei, Burma, Cambodia, China, India, Indonesia, Iraq, Japan, Jordan, Korea, Kuwait, Hong Kong, Macau, Malaysia, Pakistan, Philippines, Qatar, Saudi Arabia, Singapore, Sri Lanka, Taiwan, Thailand, United Arab Emirates, Vietnam, Yemen)
To: All destinations in the US and Canada

USD 480 per 20′ standard container
USD 600 per 40′ standard container
USD 675 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.
As usual we will adjust the currently scheduled increases based on the market conditions at the time they become effective.

12/15/2016:
Please find below updates to the following items:

Update to General Rate Increase 12/15/16 (postponed from initial filing 12/01/16)
Update to Peak Season Surcharge
General Rate Increase Filed 01/15/17

We are mitigating the General Rate Increase initially filed to become effective 12/01/16 (date of cargo receipt at origin), then postponed to become effective 12/15/16 (date of cargo receipt at origin) as follows:
General Rate Increase (GRI) Effective 12/15/16 (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 720) per 20′ standard container
USD 250 (from USD 800) per 40′ standard container
USD 250 (from USD 900 per 40′ high-cube container
USD 315 (from USD 1015) per 45′ standard container
USD 5 (from USD 16) w/m

To: All inland points via Ports of Discharge on the West Coast except inland points in CA, OR and WA

To: Ports of Discharge on the East and Gulf Coast and inland points via said ports

USD 180 (from USD 720) per 20′ standard container
USD 200 (from USD 800) per 40′ standard container
USD 200 (from USD 900 per 40′ high-cube container
USD 255 (from USD 1015) per 45′ standard container
USD 4 (from USD 16) w/m

The General Rate Increase will be applied on all dry and refrigerated container rates.
Peak Season Surcharge is further postponed to 01/15/17.
Carriers have announced further rate increases for 01/15/17, we have therefore filed the following General Rate Increase in our tariff today:
General Rate Increase (GRI) Effective 01/15/17 (date of cargo receipt at origin):
From: Australia/New Zealand, Far East, Indian Sub-Continent, Middle East (Bahrain, Bangladesh, Brunei, Burma, Cambodia, China, India, Indonesia, Iraq, Japan, Jordan, Korea, Kuwait, Hong Kong, Macau, Malaysia, Pakistan, Philippines, Qatar, Saudi Arabia, Singapore, Sri Lanka, Taiwan, Thailand, United Arab Emirates, Vietnam, Yemen)
To: All destinations in the US and Canada

USD 480 per 20′ standard container
USD 600 per 40′ standard container
USD 675 per 40′ high-cube container
USD 760 per 45′ standard container
USD 12 w/m

11/30/2016:
Please find below updates to the following items:

Update to General Rate Increase 12/01/16
General Rate Increase Filed 01/01/17

Market development allows us to postpone the General Rate Increase due to become effective 12/01/16 (date of cargo receipt at origin) to 12/15/16 (date of cargo receipt at origin).
Carriers have announced further rate increases on 01/01/17 so we have filed the following General Rate Increase in our tariff today:
General Rate Increase (GRI) Effective 01/01/17 (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 923 per 20′ standard container
USD 1025 per 40′ standard container
USD 1155 per 40′ high-cube container
USD 2198 per 45′ standard container
USD 21 w/m

11/15/2016:
Market development allow us to postpone the General Rate Increase due to become effective 11/15/16 (date of cargo receipt at origin) to 12/15/16 (date of cargo receipt at origin).

11/01/2016:
Please find below updates to the following items:

Update to General Rate Increase 11/01/16
Update to Peak Season Surcharge effective 11/01/16
General Rate Increase 12/01/16

Based on market development we are able to adjust the General Rate Increase effective 11/01/16 (date of cargo receipt at origin) down to 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: Ports of Discharge on the West Coast and inland points in California, Oregon and Washington

USD 180 (from USD 720) per 20′ standard container
USD 200 (from USD 800) per 40′ standard container
USD 200 (from USD 800) per 40′ high-cube container
USD 255 (from USD 920) per 45′ standard container
USD 4 (from USD 16) 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 720) per 20′ standard container
USD 300 (from USD 800) per 40′ standard container
USD 300 (from USD 800) per 40′ high-cube container
USD 380 (from USD 920) per 45′ standard container
USD 6 (from USD 16) w/m

The General Rate Increase will be applied on all dry and refrigerated container rates.
We further postpone the Peak Season Surcharge set to become effective 11/01/16 to 11/15/16. We still expect that carriers will eliminate this seasonal surcharge completely, unfortunately some carriers still keep their options open which forces us to still keep the surcharge in our tariff, too.
Currently, no Peak Season Surcharge is in effect on the TPEB lanes.
Carriers have announced further rate increases on 12/01/16 so we have filed the following General Rate Increase in our tariff today:
General Rate Increase (GRI) Effective 12/01/16 (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 900 per 40′ high-cube container
USD 1015 per 45′ standard container
USD 16 w/m

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

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.