News / Indian shippers brace for higher rates as GRIs and peak surcharges loom

Credit: DP World

Indian exporters and freight forwarders should not expect freight rate levels to plateau or slide any time soon, as fresh general rate increases (GRI) are on the way.

MSC will impose a $1,500 per container GRI for Indian shipments to the US and San Juan (Puerto Rico) from 4 July, as well as a peak season surcharge (PSS) of $500 per box on its India-US connections, sending current average rates further northwards as the supply side looks set to tighten in ...