News / GRIs trigger Asia-Europe spot rate jump, but can carriers hold the line?

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Asia-Europe ocean carriers this week managed to lift container spot rates ahead of the annual contract season.

However, it remains to be seen whether lines scrapping for market share have enough discipline to hold onto their GRI (general rate increase) gains against a backdrop of weak demand and a chronic oversupply of capacity.

Indeed, a contact at a UK-based importer of bulk commodities from China told The Loadstar this week two of his carriers had already ...