Sydney

+61 (2) 8336 9000

Melbourne

+61 (3) 8199 9994

Gold Coast

+61 (7) 5576 3700
17 June 2019

PROPOSED RATE RESTORATION (GRI) 1ST JULY 2019 - EX KOREA, CHINA, HONG KONG AND TAIWAN TO AUSTRALIA

Attachments: With this article are the following attachments

Image title here...

TCF have received advice from various shipping lines in the last few weeks that they are proposing to implement a Rate Restoration (RR/GRI) effective from sailings on / after 1st July 2019.

This increase would apply to all imports from Korea, China, Hong Kong and Taiwan to Australia Trade. Please find attached an example of this notice from one of the carriers. 

Should the proposed increase go ahead, the GRI increases/surcharges will be levied as follows, including LCL increases as listed below: 

LCL: USD 12.00 per w/m

20’:   USD 300.00

40’:   USD 600.00

At this moment, the market information we are recieving is that the full GRI amount is likely to be achieved across all trades as carriers announce in the coming weeks the suspension of a number of vessels on the trade in order to reduce capacity and increase demand for space. As has been the case in previous years, Southern China pricing may be impacted harder than other markets due to smaller space allocations during Peak Season and the reduction in capacity.

As we have done previously, TCF and our partners will be monitoring the market situation closely and continuing our efforts to mitigate the FCL GRI levels.

We appreciate your support and if you have any questions or require further information regarding this matter, please do not hesitate to contact your local sales or customer service representative. 

News Archives

2024
2023
2022
2020
2019
17/06
PROPOSED RATE RESTORATION (GRI) 1ST JULY 2019 - EX KOREA, CHINA, HONG KONG AND TAIWAN TO AUSTRALIA
2018
2017
2016
2015

Industry News

Read the latest news from TCF International.

Join our mailing list

Copyright © 2023 TCF International     All rights reserved

tml>