News / Last-ditch GRI bid by carriers as weak spot rates drag down new contract rates

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Asia-Europe ocean carriers are becoming increasingly concerned that their failure to substantially boost container spot rates this month will result in annual contracts being reset at significantly lower levels.

And, as the start of the Asia-Europe contract negotiating season looms – annual agreements on the trade generally run from January to December – carriers are making a last attempt to jack up prices.

For instance, CMA CGM and Hapag-Lloyd have both restated their Asia-North Europe and Asia-Mediterranean FAK [freight all kinds] GRIs ...