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Transpacific Eastbound GRI

The following are the announced levels for upcoming General Rate Increases (GRI), Peak Season Surcharges (PSS), and China Low Sulphur Fuel Surcharges (LSF) from carriers.

Announced GRI  (General Rate Increase) — Effective October 1st 
Container Type20′40′40′ HC45′
U.S. West Coast$900.00$1000.00$1125.00$1266.00
U.S. Inland$900.00$1000.00$1125.00$1266.00
U.S. East Coast$900.00$1000.00$1125.00$1266.00
Announced GRI  (General Rate Increase) — Effective October 15th 
Container Type20′40′40′ HC45′
U.S. West Coast$900.00$1000.00$1125.00$1266.00
U.S. Inland$900.00$1000.00$1125.00$1266.00
U.S. East Coast$900.00$1000.00$1125.00$1266.00
Announced PSS  (Peak Season Surcharge Rate) — Effective October 1st 
Container Type20′40′40′ HC45′
U.S. West Coast$850.00$1000.00$1000.00$1266.00
U.S. Inland$850.00$1000.00$1000.00$1266.00
U.S. East Coast$850.00$1000.00$1000.00$1266.00
Announced China LSF  (Low Sulphur Fuel Surcharge) — Effective August 1st, 2018
Container Type20′40′40′ HC45′
U.S. West Coast$25.00$50.00$50.00$100.00
U.S. Inland$25.00$50.00$50.00$100.00
U.S. East Coast$25.00$50.00$50.00$100.00

What is a General Rate Increase (GRI)?

A General Rate Increase (GRI) is the amount by which ocean carriers increase their base rates across specific trade lanes, generally as a result of increased demand.

A GRI must be announced with the Federal Maritime Commission 30 days prior to any implementation and is generally applied on top of the base ocean freight rate. Carriers do, however, reserve the right to mitigate or cancel any announced GRI depending on current market demand.


What is a Peak Season Surcharge (PSS)?

A Peak Season Surcharge (PSS) is a surcharge that ocean carriers may apply to all shipments being transported along certain trade lanes during times of peak demand. A PSS may be applied at any time of year at the carriers’ discretion, however, this surcharge is commonly applied before Chinese New Year and prior to the fall/winter holidays when carriers are at or near capacity. The increase in volume leads to a premium on space, which in turn leads to increased ocean freight costs for shippers.

The PSS must be announced with the Federal Maritime Commission 30 days prior to any implementation and is applied as an additional fee on top of the base ocean freight rate. Carriers do, however, reserve the right to mitigate or cancel any announced PSS depending on current market demand.


What is a Low Sulphur Fuel Surcharge (LSF)?

A Low Sulphur Fuel Surcharge (LSF) is a surcharge levied by the ocean shipping lines to offset the costs associated with using low sulphur fuel to comply with the International Maritime Organization (IMO) 2020 Sulphur Cap regulations. The regulations were implemented to reduce the amount of sulphuric fuel emissions being burned by cargo vessels near ports and populated coastlines.

The following are additional terms used for this surcharge: Low Sulphur Surcharge (LSS), Low Sulphur Bunker Surcharge, Green Fuel Surcharge (GFS), Emission Control Area Surcharge (ECA).