GRI Updates

MSC Line Client Advisory: GENERAL RATE INCREASE – Effective 1st August 2024

To maintain the high level of reliability and efficiency of our services, MSC Mediterranean Shipping Company will implement a GENERAL RATE INCREASE (GRI) effective from 1st August 2024 handover until further notice. The new rates are as follows:

Please note, this is an additional GRI on top of the 16th July handover GRI Quantum.

MSC Announces General Rate Increase for Ex-India to USA East Coast, Gulf Coast, and Puerto Rico

Mumbai, India, 10th July 2024 – MSC Mediterranean Shipping Company has announced a General Rate Increase (GRI) for shipments from India to the USA East Coast, USA Gulf Coast, and San Juan, Puerto Rico, effective 8th August 2024. The rate adjustments are as follows:

• USD 1500 per 20'DV, SOC, SOT, Reefer, Open Top & Flat Rack
• USD 1500 per 40'DV/HC, SOC, SOT, Reefer, Open Top & Flat Rack

This GRI is in addition to the previous GRIs effective from 20th July 2024 and 29th July 2024 handovers. The new rates will apply to all containers handed over to MSC custody from 8th August 2024 onwards.

MSC Announces General Rate Increase for India to Middle East Trade

Geneva, Switzerland, 1st July 2024 – Mediterranean Shipping Company (MSC) has announced a General Rate Increase (GRI) for shipments from India to the Middle East, effective from 16th July 2024. The rate adjustments are as follows:

• Ad Dammam / Jubail: USD 250 / Unit
• Umm Qasr: USD 250 / Unit
• Shuwaikh / Shuaiba: USD 150 / Unit
• Sohar / Salalah: USD 150 / Unit
• Jebel Ali / Abu Dhabi / Sharjah / Ras Al Khaimah: USD 150 / Unit
• Hamad: USD 150 / Unit
• Bahrain: USD 150 / Unit

The rate increases apply to all equipment types. For other port pairs, commodities, and container types not listed, customers are advised to contact their local MSC agent for specific pricing information.

For continuous updates, keep visiting FreightMango

MSC Implements General Rate Increase from India to North Africa and South America

Starting July 1, 2024, MSC Mediterranean Shipping Company will introduce a General Rate Increase (GRI) to cover additional costs due to port congestion, delayed schedules, and equipment shortages. The new rates are:

• North Africa: $400 per container
• South America East Coast: $1300 per container
• South America West Coast: $1400 per container

For continuous updates and detailed information, stay connected with Freightmango.

MSC Introduces Overweight Surcharge from India to Mexico, Central America, and the Caribbean

Effective July 1, 2024, MSC Mediterranean Shipping Company will implement an Overweight Surcharge (OVW) of USD 300 per 20'FT container for cargo exceeding 21 metric tons. This surcharge applies to all container types, including SOC, SOT, Reefer, Open Top, and Flat Rack. This change aims to maintain high reliability and efficiency in MSC's services.

For continuous updates, stay connected with Freightmango.

Maersk Adjusts Peak Season Surcharge for Select Routes

Maersk has announced revisions to its Peak Season Surcharge (PSS) for several routes effective from July 8, 2024. The surcharge, applicable to shipments from the Middle East and Indian Subcontinent to the US and Canadian West Coast, will see an increase of $7000 for all dry and reefer containers.

The adjustment aims to sustain global services amid evolving market dynamics. Customers are advised to take note of these changes, which may be subject to future adjustments. Maersk assures customers of continued support and transparency in pricing structures.

For further details and sample corridor rates, customers can refer to Maersk's communication and stay updated on any future notifications.

MSC Announces General Rate Increase for India-South America Routes

MSC Mediterranean Shipping Company has announced a General Rate Increase (GRI) for shipments from India to the South America East Coast and West Coast. This rate adjustment, set at USD 750 per container, is in response to the increased costs due to port congestion, delayed vessel schedules, and equipment shortages.

Effective Date: 12th June 2024

For further inquiries, customers are advised to contact their Sales Support Executive. 

Notice to Trade: Rate Restoration Increase (RRI) Effective June 1, 2024

Due to falling freight and slot rates, VOA will implement a Rate Restoration Increase (RRI) to sustain long-term service. Effective June 1, 2024, the revised rates from Mundra, Kandla, Hazira, and Nhava Sheva to the UAE, Qatar, and Upper Gulf are as follows:

1. Khalifa: $100 per TEU
2. Jebel Ali: $100 per TEU
3. Umm Qasr: $150 per TEU
4. Hamad: $150 per TEU
5. Dammam: $150 per TEU

Note: 

• Above GRI will be applicable to Thru BL Ports as well.
• Empty rates and Imco/Reefer surcharges remain as current.
• OOG s/c chargeable at 100% of slots utilized.
• Through cargoes via Khalifa and FICY rates will also attract the same GRI quantum.
• This RR quantum will be added to your existing rates on the listed sectors.

This RRI applies to all related ports and charges. For queries, please contact our team. Thank you for your support.

MSC Announces GRI for Canada West Coast Effective June 15, 2024

MSC Mediterranean Shipping Company will implement a General Rate Increase (GRI) effective June 15, 2024. This will apply to shipments from India to the Canada West Coast.

GRI Rates:

• USD 1200 per 20'DV, SOC, SOT, Reefer, Open Top & Flat Rack
• USD 1200 per 40'DV/HC, SOC, SOT, Reefer, Open Top & Flat Rack

This rate increase will be applied to all containers handed over to MSC starting June 15, 2024. MSC assures continued reliable and efficient service.

MSC Announces GRI for USA West Coast Effective June 15, 2024

MSC Mediterranean Shipping Company will implement a General Rate Increase (GRI) effective June 15, 2024. This will apply to shipments from India to the USA West Coast.

GRI Rates:

• USD 1200 per 20'DV, SOC, SOT, Reefer, Open Top & Flat Rack
• USD 1200 per 40'DV/HC, SOC, SOT, Reefer, Open Top & Flat Rack

This rate increase will be applied to all containers handed over to MSC starting June 15, 2024. MSC assures continued reliable and efficient service.

MSC Implements General Rate Increase for India to USA East Coast/Gulf Coast/San Juan Route

MSC Mediterranean Shipping Company announces a General Rate Increase (GRI) effective from February 12, 2024, for shipments from India to USA East Coast, USA Gulf Coast, and San Juan, Puerto Rico. The GRI amounts to USD 1000 per 20'DV, SOC, SOT, Open Top & Flat Rack, and USD 1000 per 40'DV/HC, SOC, SOT, Open Top & Flat Rack. This increase is in addition to the GRIs on January 22, 2024, and January 29, 2024. Applicable to all containers handed over to MSC custody from February 12, 2024.

MSC Implements Additional General Rate Increase (GRI) for India to USA Routes

MSC Mediterranean Shipping Company announces a General Rate Increase (GRI) effective from 4th March 2024 handover, Ex India to USA East Coast, USA Gulf Coast, and San Juan, Puerto Rico. The quantum includes USD 1000 per 20'DV, SOC, SOT, Open Top & Flat Rack, and USD 1000 per 40'DV/HC, SOC, SOT, Open Top & Flat Rack. This additional GRI follows the one implemented on 12th February 2024.

Maersk Announces Rate Increase for Pakistan, Middle East & Indian Sub-Continent to North America

Maersk issues a Customer Advisory notifying a Rate Increase effective from February 10, 2024, for shipments from Pakistan, Middle East & Indian Sub-Continent to North America (United States & Canada). The increase applies to all cargo types and various container sizes, with amounts as follows: USD 1000 for 20DRY, USD 1500 for 40DRY and 40HC, and USD 1500 for 45HC. 

MSC Introduces Contingency Adjustment Charge for India Routes

MSC (Mediterranean Shipping Company) announces the implementation of a Contingency Adjustment Charge (CAC) effective from December 27, applicable to all shipments (Dry and Reefers) from India to East Africa, South Africa, IOS, Mozambique, Somalia (Mogadishu), Australia, New Zealand, Fiji, and New Caledonia. The CAC amounts to USD 500 per TEU (Twenty-foot Equivalent Unit). Customers with queries are advised to contact their respective Sales Support Executive. MSC assures customers of the same reliable and efficient service.

MSC Implements Peak Season Surcharge for Middle East to Mombasa Route

MSC (Mediterranean Shipping Company) announces the application of a Peak Season Surcharge (PSS) due to robust demand in the Middle East and IPAK region for the Kenyan market. Effective from January 15, 2024, the PSS amounts to USD 500 per container for both dry and reefer cargoes from the Middle East, India, Pakistan, Sri Lanka, and Bangladesh to Mombasa. Customers with inquiries are encouraged to contact local MSC representatives across their global network of over 675 offices.

MSC Announces General Rate Increase for India to USA West Coast

MSC Mediterranean Shipping Company issues a Client Advisory, declaring a General Rate Increase (GRI) effective from February 8, 2024, for shipments from India to USA West Coast. The GRI amounts to USD 1000 per 20'DV, 40'DV, and 40'HC containers, including SOC, SOT, Reefer, Open Top, and Flat Rack. This increase is in addition to the GRIs on January 18, 2024, and February 1, 2024. Applicable to all containers handed over to MSC custody from February 8, 2024, the decision is made to ensure the high level of reliability and efficiency of MSC services. MSC expresses gratitude for continuous cargo support, assuring customers of the same reliable and efficient service.

MSC Imposes General Rate Increase for India to Canada West Coast

MSC Mediterranean Shipping Company issues a Client Advisory, announcing a General Rate Increase (GRI) effective from February 8, 2024, for shipments from India to Canada West Coast. The GRI amounts to USD 1000 per 20'DV, 40'DV, and 40'HC containers, covering SOC, SOT, Reefer, Open Top, and Flat Rack. This increase is in addition to the GRI on February 1, 2024. Applicable to all containers handed over to MSC custody from February 8, 2024, the decision is made to maintain the high level of reliability and efficiency of MSC services. MSC expresses gratitude for continuous cargo support, assuring customers of the same reliable and efficient service.