News  HLS  Transpacific Eastbound Carriers Implement April GRIs, File New GRIs Effective May 1
Transpacific Eastbound Carriers Implement April GRIs, File New GRIs Effective May 1

Several carrier members of the Transpacific Stabilization Agreement (TSA), FMC Agreement No. 011223 serving the East Asia/USA trade lanes, have implemented General Rate Increases (GRIs), effective April 1, 2016, including CMA CGM, COSCO, Hanjin, Hapag Lloyd, Hyundai Merchant Marine, K Line, Maersk, NYK Line, and Yang Ming. GRI amounts were USD 600 per forty-foot equivalent unit (FEU); GRI amounts for other container sizes are as per formula. See exceptions below.

American President Lines (APL) reduced the GRI amounts based on scope: from USD 1000 per FEU to USD 250 per FEU for dry cargo to destination US Pacific Coast Ports/IPI/MLB, and USD 300 per FEU for dry cargo to destination US Atlantic Coast Ports/RIPI. APL cancelled GRIs for reefer containers. Evergreen also reduced the GRI amounts based on scope: from USD 600 per FEU to USD 275 per FEU for USWC/G4 cargo, to USD 100 per FEU for cargo delivered to other inland via USWC, except G4 states, and to USD 275 per FEU for all other cargo. Hanjin cancelled the GRIs for cargo for from Japan and Sub-Continent origins. Hyundai postponed the GRIs until April 15, 2016 for cargo from Japan. OOCL cancelled these GRIs.

Several TSA carrier members have filed a new GRI, effective May 1, 2016, for USD 1200 per FEU; with GRI amounts for all other container sizes as per formula. However, APL filed GRIs for USD 1300 per FEU, and Maersk for USD 600 per FEU. This will be the fifth GRI of the year for the East Asia/USA trade lane.

The TSA's fifteen member carriers 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. The group's web site atwww.tsacarriers.org provides additional information, however, each carrier maintains its own tariffs and controls its own pricing, and this website does not provide details of GRIs – those are filed in individual carrier tariffs and service contracts. The TSA Carrier group only issues recommended guidelines to its member carriers. Website addresses for all carriers are listed on www.fmc.gov.