Global shipping giant Hapag-Lloyd has implemented a substantial General Rate Increase (GRI) for cargo transported from Asia to key markets in Latin America, including the West Coast of South America, Mexico, Central America, and the Caribbean. This rate adjustment will impact a wide range of container types, such as 20′ and 40′ dry containers, high-cube equipment, and 40′ non-operative reefers.
Key Details of the Rate Increase:
- Effective Date: August 28, 2024, for most destinations; September 13, 2024, for Puerto Rico and the US Virgin Islands.
- Increase Amount: A flat rate of USD 2,000 per 20′ and 40′ dry container, high-cube container, and 40′ non-operative reefer container.
- Origin: The GRI encompasses shipments originating from major Asian economies including China, Japan, South Korea, and Southeast Asian nations.
- Destination: The rate hike applies to cargo bound for Mexico, Central and South American countries, as well as the Caribbean.
This latest development is expected to impact businesses and individuals relying on these trade routes for import and export activities. Shippers and importers are advised to factor this increase into their logistics planning and budgeting.
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