Dear Clients, GRI NOTIFICATION – 15TH MAR You have to hand it to the shipping lines, they keep pushing their GRI notifications. We’ve received several advises from the shipping lines this week that they are again pushing for a GRI from both North and South-East Asia from 15th March. This is despite the GRI they were pushing for 1st March not being accepted by the market. Given the GRI’s announced over the last 4 to 6 weeks didn’t stick due to prevailing market conditions, the carriers are using the other lever they can to lift rates and that’s decrease supply of container space in way of further blank sailings which have been announced in 2H March to coincide with the GRI’s. Ultimately the strength of the market and bookings will determine if these GRI’s hold or not. Amounts listed are the advertised increases and not final increases, which may vary. *Currency listed is USD* As always, Transways will only be adjusting your pricing should the carriers apply the increases. Should you wish to discuss any of these points, please don’t hesitate to reach out to your key contact @ Transways Logistics International.

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