News / Carriers try for more GRIs on Asia-Europe, eyeing Thanksgiving positives

Photo: Ritu Jethani | Dreamstime.com

Ocean carriers regard the next two to three weeks as crucial to their rate restoration strategies, and are supporting tighter capacity management on the Asia-Europe tradelane with another volley of significant GRIs (general rate increases).

What percentage of these GRIs stick is perhaps not as important to the lines as starting to shift the balance of power back in their favour, thus prompting a change in the sentiment of shippers at new-contract negotiating tables.

Indeed, one ...