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News / Turbulent waters ahead as lines float new GRI in bid to balance supply and demand

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The fast-eroding November $1,000 per teu price hike on the Asia-Europe trade lane is to be shored-up by a mid-December $750 general rate increase (GRI) announced by a number of carriers plying the troubled route.

However, a GRI that evaporates within weeks of implementation is no ...

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