News / Carriers get tougher on blankings as earnings tumble, but GRIs hold

Ocean carriers appear to have held onto most of their August GRI gains this week on the transpacific and Asia-Europe tradelanes – and have halted the spot rate erosion on the transatlantic.

Xeneta’s XSI Asia-North Europe spot rate component ticked down slightly, by 2.5%, for an average of $1,692 per 40ft, after a 31% jump the previous week.

The average rate falls below the circa-$2,000 per 40ft FAK rates the carriers were seeking, but they will still regard their GRI campaign as ...