October 18, 2024

Shipping from Asia to Latin America? GRI Incoming

A General Rate Increase (GRI) from Asia* to the West Coast of South America, Mexico, Central America, and the Caribbean** is coming up.

This GRI will apply to cargo transported in 20′ and 40′ Dry containers, including High Cube equipment and 40′ Non-operative reefers. This GRI will apply from November 1, 2024, for all the destinations in this announcement. Please keep in mind that this GRI will be valid until further notice.

The details for this increase are listed below:

  • 20′ Dry Container: USD 2000
  • 40′ Dry Container: USD 2000
  • 40′ High Cube Container: USD 2000
  • 40′ Non-operative Reefer Container: USD 2000

For your reference, the geographical scope of this increase is explained below:

From Asia, covering the following countries: China, Macau, Taiwan, Japan, South Korea, Thailand, Singapore, Vietnam, Cambodia, Philippines, Indonesia, Myanmar, Malaysia, Laos, and Brunei.

To the West Coast of South America, Mexico, Central America, and the Caribbean covering the following countries: Mexico, Ecuador, Colombia, Peru, Chile, El Salvador, Nicaragua, Costa Rica, Dominican Republic, Jamaica, Honduras, Guatemala, Panama, Venezuela, Puerto Rico, and the US Virgin Islands.

 

Source: Article

 

The General Rate Increase (GRI) for sea freight from Asia to Latin America is expected to raise shipping costs along these key trade routes. This adjustment may impact logistics planning and budgeting for companies reliant on these connections.