Inbound Ocean Freight Rate Changes

Ocean Freight Rate Changes provided by GPSM

Rates from North East and South East Asia/Indian Sub-Continent:

Current rates from North East Asia (China, Hong Kong, Japan, Taiwan and Korea) to Australia have been extended until 14th October 2017 without generally being changed.

Shipping Lines have advertised that they will be seeking a General Rate Increase from 15th October 2017 and they are seeking USD 500.00/20ft and USD 1000.00/40ft container rate increases, however, we believe the market will not accept such a high increment and a mitigated increase will be implemented.

GPSM are negotiating with shipping lines at present and we will advise further information on the increases after Chinese Golden Week holiday period.

Rates from South East Asia/Indian Sub-Continent:

Shipping lines operating from above area have announced that a General rate Increase will be applied to all cargo to Australia from 1st October, 2017.

Increases have been announced independently by each carrier and they vary from USD 100.00 to USD 200.00/20ft container and from USD 200.00 to USD 400.00/40ft container.

LCL rates are also expected to be impacted by the rate increase and will rise by USD 2.00 to USD 4.00 per cbm/1000kgs.

We would remind all clients that space from South East Asian ports is particularly tight at present as Peak Season takes hold and that early booking is highly recommended to avoid departure delays.

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