We indicated in our last Newsflash that it was expected that lines would increase rates from Far East Asian ports to Australia in January, 2017, in a “last-ditched” effort to gain as much income as possible prior to the Chinese New Year shutdown.
The initial indications were that a General Rate Increase of USD 500.00/20ft and USD 1000.00/40ft container would be implemented, however the increases applied are more in the range of USD 250.00/20ft and USD 500.00/40ft container.
GPSM have been working closely with the lines in an effort to minimise the cost increases and we have been very successful in reducing the impact from many ports.
Some carriers have proven difficult to deal with as space is also at a premium for January shipments, the lines take the attitude they can auction the space to the highest bidder, it is a seller’s market in their eyes at present. GPSM are fortunate that we have space allocations with some carriers that are generally honoured without question so we are able to avoid the space auction scenario in most cases.
The new rates are currently being updated to our web rate portal and we are keeping a very close eye on developments, we shall keep all clients informed on any developments as soon as we have further information.
A reminder that space for January is extremely tight so early bookings are essential to ensure all shipments depart prior to the Chinese New Year shutdown.