News / Rates update, week 51: GRIs boost prices, with more to come in January

Shanghai Yangshan deep water container terminal ID 117637608 © Chuyu | Dreamstime.com

Container spot rates on the transpacific trades shot up this week, on the back of a series of mid-December general rate increases (GRIs) that appear to have significantly boosted prices.

Shippers on the transpacific eastbound route from Asia into the US west coast found themselves paying ...