Shipping Logistics

FEU rates above record

August 21, 2020

JOC's Bill Mongelluzzo, Senior Editor reports carries are imposing another general rate increase ( GRI) that could ripple through the US West Coast to record levels. Eastbound trans-Pacific shipping lines are warning Fowarders to prepare for a Sept. 1 GRI of $4000 per FEU. Which is unbelievable high compared to just a few months ago when imports signed services that ranged from $1,300-$1,600 per FEU.

The Scramble

Canceled Sailings have stopped and carriers have been adding unscheduled vessel departures from Asia, known as extra-loaders. In July, Port of Long Beach has gotten 11 extra loaders and 8 more coming in August. Retailers scramble to import PPE , office supplies, exercise equipment along with other e-commerce fulfillment. All this comes with a sense of urgency in the event the 20-25% tariff is reactivated.

This is an abstract of JOC's article "New GRI set to push Asia-US West Coast FEU rates above record high" posted Aug. 21, 2020.

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Tariff Memo from CBP

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Market Update Q2 2025: No.17

Today is "Liberation Day" AKA the day all the tariffs go into effect, even though it's a Wednesday, it is an appropriate day for a market update: Attached is the current tariff announcement in terms of amount by country - any country not mentioned is now a 10% increase, but it is an ever-changing landscape, and we don't have information yet on tariff stacking which is the real question for China and a few others

Market Update Q1 2025: No.16

March 23 and April 1 increases: For most of March, vessels have not been full and import demand/volume has not been strong for various reasons. Not the least of these are the tariff implications, and I'm sure everyone has heard plenty about them at this point.

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