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Shipping Lines Announce General Rate Increases

ANL and OOCL has advised of a General Rate increase (GRI) on their FAK cargo from all Asia ports effective 1 August 2020 of US$300/20’ and US$600/40’.  The GRI includes all Asia services including their Far East and South East Asia service. All carriers have announced rate increases and your rate schedules will highlight those increases.

ACA International is close negotiation with the lines to mitigate the announced GRI.

Space from Asia continues to be in very high demand as result of greater than expected bookings and reduced tonnage via blanking’s, operating smaller vessels and the ongoing suspension of the Yo-Yo service operated by Maersk, MSC and Hamburg Sud from the south of China. At this point the Yo-Yo service is not expected to return until September 2020.

All carriers are reporting they are sailing full from all ports in Asia and there is a significant roll pool of cargo in China and South East Asia ports. This environment is creating some delays at load ports.

Please speak with your Sales or Customer service representatives if you have any questions