Obviously the market is not strong enough, NYK is not the first one to postpone the GRI:
Asia–Europe Structural Rate
Notification of Increase in Asia – Europe rates as part of NYK Structural
Revenue Recovery (SRR) Plan
19th March 2015
Dear Valued Customer,
Please be advised that NYK will implement 2015 Structural Revenue Recovery (SRR) program for Westbound with effect from 1st April 2015(This SRR was originally intended to be effective from 15th March 2015 but deferred to 1st April 2015).
Effective date: 1st April 2015
Quantum: Westbound US$ 730 per TEU
Asia (Including Japan) / Indian Sub-continent / Middle East / Gulf to
North Europe / Mediterranean / East Mediterranean / Adriatic / Black Sea
For further details, please contact your local NYK representative.
NYK Global Liner Asia Europe Trade