November GRI Planned As Two Asia Loops Suspended

October 25, 2023

November GRI Planned As Two Asia Loops Suspended

 

Carriers are advising that an ocean freight General Rate Increase (GRI) will be introduced from next month as ‘The Alliance’ announce the suspension of two service loops from Asia.

The ‘FE5 Asia-Europe’ and ‘EC4 Asia-US’ loops will be suspended in November, which follows the recent 2M Alliance confirming the suspension of one of its own loops recently. There has also been a heavy wave of blanked sailings announced across all alliances in the past fortnight.

We have received several notices of a GRI coming into effect from next month, which may affect Asia origin routes and other services. The exact levels of the planned increases are currently unclear and are likely to vary by tradelane and carrier.

Overall demand for global shipping remains low, which suggests that market conditions would not ordinarily support a sustainable increase right now.

However, significant capacity has been taken out of the market through loop suspensions and blanked sailings, therefore it is impossible to predict the outcome and our advice to customers is to be prepared for increases from November.

The Killick Martin team are monitoring this developing situation very closely, and will notify customers of specific rate changes as they become clearer.

Other News

The Shape Of Carrier Alliances From 2025

The Shape Of Carrier Alliances From 2025

The Shape Of Carrier Alliances From 2025 Steamship lines have been maneuvering during recent weeks, as the carrier alliance pack starts to reshuffle itself ahead of 2025. It seemed likely we would see further changes to the current alliance structure as soon as Maersk...

read more
Asia Air Volumes Rising Due To Red Sea Crisis

Asia Air Volumes Rising Due To Red Sea Crisis

Red Sea Situation Continuing To Impact Ocean Freight Following recent attacks on commercial ships in the Red Sea, and the subsequent routing of ocean vessels around Africa, air freight has started to feel the knock-on effects. The longer transit times and capacity...

read more
Chinese New Year – Enter The Dragon

Chinese New Year – Enter The Dragon

Chinese New Year - Enter The Dragon The new Chinese New Year starts this weekend - The Year Of The Dragon​ - Therefore, it's time to share some facts and information about this annual celebration. When This year's holiday in China starts on Saturday 10th February and...

read more
Red Sea Situation Continuing To Impact Ocean Freight

Red Sea Situation Continuing To Impact Ocean Freight

Red Sea Situation Continuing To Impact Ocean Freight There is seeming no immediate sign of respite for global supply chains, as container ships in the Red Sea have continued to be targeted this week. Two container ships were targeted on Wednesday and forced to flee...

read more

Follow us on social media

Air Freight Services

Contracts with all major airlines and our own consolidation services.

View More

Ocean Freight Solutions

Flexible FCL and LCL solutions with all major carriers and alliances.

View More

European Road Freight

Pan European services for economy, express, full load, and intermodal.

View More

Customs

A one-stop shop brokerage service for all of your customs requirements.

View More