Trans-Pacific container rates reach all-time highs as June general rate increases stick
https://www.spglobal.com/platts/en/market-insights/latest-news/shipping/060221-trans-pacific-container-rates-reach-all-time-highs-as-june-general-rate-increases-stickContainer spot rates on the trans-Pacific lane have surged above previous records as strong booking activity and limited supply led carriers to enforce large GRIs.
After three months of stable Freight All Kinds (FAK) rates on trans-Pacific eastbound route, ocean carriers took June 1 increases of $600 to $700 per forty-foot equivalent unit out of North Asia, depending on shipowner and booking destination, sources say.
Major ocean carriers filed for a $1,000 to $1,200 GRI on June 1, FMC filings showed. Carriers announce GRIs up to a month before they are due to come into force, during which time they also have the option to lower or postpone the proposed GRI, or decide against implementing an increase at all, depending on the development of market conditions....
