MSC comes up with a GRI annoucement at a time when the carriers are getting nervous and the rate structure is weak. The additional capacity of the alliance of Cosco, Yang Ming, K-Line, Evergreen is one of the factors, another one is the expansion policy of CMA- CGM and finally the new players in the Transatlantic market.
Anyway, here the MSC notice to the trade:
SERVICE TO USA:
GENERAL RATE INCREASE 1 ST JULY 2015 CUSTOMER ADVISORY
Hamburg, 28th May 2015
Please be informed about the implementation of a General Rate Increase (GRI) in the trade from North West Continent, United Kingdom, Scandinavia to USA East, Gulf and West Coast ports:
Effective date will be: 1st July 2015
The applicable quantum will be: USD 150,00 per 20’ and USD 200,00 per 40’
For further information, please contact your local MSC office.