FEU rates above record

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.

Learn more about avoiding premium charges by contacting our Sales Team.


News

Featured News at a Glance

Pierpass Increases at Los Angeles and Long Beach Ports

The West Coast MTO Agreement (WCMTOA) announced that the Traffic Mitigation Fee (TMF) at the Ports of Los Angeles and Long Beach will be temporarily adjusted from December 1, 2021, through January 31, 2022, subject to regulatory clearance by the Federal Maritime Commission

Read More

[Update 1.17.22]Container Dwell Fees set to begin... Jan 21, 2022

The Ports of Long Beach and Los Angeles have announced and made effective a CONTAINER EXCESS DWELL FEE / CONGESTION DWELL FEE for which the ports will charge ocean carriers for each container that exceeds specific dwell time.

Read More

​What's to follow now the Suez Canal blockage is cleared?

The aftermath of the Suez Canal. What to expect? what are the coming challenges?

Read More

65 Ships Anchored in LA and LB Ports

Read More