News / Transpacific carriers gamble with peak season GRIs, but blank more sailings

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Transpacific ocean carriers are gambling on a good peak season and announcing some hefty rate increases – but they are being obliged to underpin these by voiding some headhaul voyages.

Hapag-Lloyd notified its eastbound transpacific customers yesterday of a $700 per 40ft  general rate increase (GRI) effective 1 August to follow the big price hikes expected on the route next week.

Online digital booking platform Freightos said: “All signs are pointing to a big transpacific GRI coming up.”

“Blank sailings and advance orders, ...