Maersk to Raise Rates From U.S./Canada to Far East

Global container shipping giant, Maersk, announced that they will implement a GRI from the United States and Canada to Brunei, Cambodia, China, Hong Kong, Indonesia, Japan, South Korea, Laos, Macau, Malaysia, Mongolia, Philippines, Singapore, Taiwan, Thailand, and Vietnam.

Maersk advised that the increases of USD 160 20′ dry container, USD 200 per 40′ dry, and USD 220 per 45′ container would go into effect on January 1st.

According to Maersk, reasons for the GRI are the result of “high fuel costs as well as the strong export market growth to the Far East resulting in a continuous pressure on equipment and space in key export origin locations”.
source- Maersk Line