News / Carriers struggle to hold transpacific GRIs as rates come under pressure

The transpacific mid-April GRIs imposed by carriers, ahead of the finalisation of annual contracts, are beginning to lose steam as container spot rates from Asia to the US come back under pressure.

Xeneta’s XSI Asia-US west coast component declined 9% this week, to $1,484 per 40ft, while the Freightos Baltic Exchange FBX average spot rate fell 10% to $1,527 per 40ft.

For the Atlantic coast, the FBX reading for Asia to US east and Gulf Coast ports dipped 4%, to $2,407 per ...