News / GRIs are on a slippery slope, as carriers juggle overcapacity and plunging rates

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Ocean carriers are quick to post announcements of general rate increases, but are understandably more reluctant to confirm that a proposed GRI has been suspended or deferred.

Such is the case with the early and mid-March GRIs on the Asia to Europe tradelane, where anecdotal reports to The Loadstar suggest that carriers are unofficially telling their clients not to worry about the increase for now.

The Loadstar reported last week that a forwarder had been sent an advisory by OOCL offering a ...