COSCO
SITC
PACIFIC LINES
Friday, 06/12/2024, 08:36 (GMT +7)
342
Asia-Europe Rates Rise with December GRIs
Asia-Europe freight rates have been rising sharply in line with the General Rate Increase (GRI) since early December, reflecting carriers’ capacity management strategies and early demand ahead of the 2025 Lunar New Year..webp)
Many shipments are being moved early to avoid the potential impact of a port strike by the International Longshoremen's Association (ILA) after January 15, along with the possibility of tariff increases next year, driving transpacific freight rates higher at the start of December.
Rates from Asia to the U.S. West Coast have now exceeded the pre-Lunar New Year 2024 peak recorded in January when the Red Sea crisis began.
Some carriers are reportedly applying significant GRIs to try to push rates higher at the start of the month.
However, the arrival window to ship cargo from Asia to the US East Coast ahead of the strike is closing. In addition, there is a large amount of inventory that was built up before the strike in October, and there are still several months before the new tariffs take effect. These factors may make the early December rate hikes difficult to sustain, although rates may increase later in the month or early January ahead of the Lunar New Year.
Asia-Europe rates were flat last week but have started to increase this week. Rates from Asia to the Mediterranean are approaching $6,000/FEU on December GRIs, up $1,000/FEU from late November.
If these rate hikes are sustained, they may reflect effective capacity management by carriers through increased blankings and an early pick-up in demand ahead of the Lunar New Year. Ensuring that essential cargoes are shipped before Lunar New Year is particularly important for exporters to the Mediterranean region, where lead times are the longest due to diversions through the Red Sea. These cargoes therefore need to be shipped early.
Lines continue to announce adjustments to their services that will take effect with the alliance restructuring in February. MSC has added new port pairs to its standalone services, while the Gemini Cooperation alliance has begun accepting bookings for its “hub and spoke” model.
Freightos Air Index data shows that rates from China to North America and Europe have yet to spike, even as we enter the peak weeks of early December. In addition to some exporters and forwarders’ frontloading and securing capacity in advance, another important reason for the relatively stable peak season, despite strong e-commerce volumes, is that carriers have been able to move a significant amount of freight capacity to ex-Asia lanes for Q4.
See more:
- Air Cargo Takes ‘Wait-and-See’ Approach to US Tariffs and Positive Demand Outlook for 2025
- International shipping and logistics market update - Week 48/2024
- Global Container Shipping Industry Profits to Rise 'Hugely' in 2024
- Evergreen in talks for first megamax order of the year
- Hapag-Lloyd joins ONE and others in installing bow windshields
- Shipping looks back at a turbulent year in the Red Sea and 1,000 days of war in Ukraine
- COSCO SHIPPING's investment in Chancay Port in Peru begins operations
- Trump Wins US Presidential Election – 10 Key Questions for Container Shipping
- COSCO schedules: Vietnam - North America in Dec 2024
- SITC updates Vietnam-Intra Asia sailing schedules in Dec 2024
- Pacific Lines updates domestic sailing schedules in Dec 2024
Source: Phaata.com (via Container-News)
Phaata.com - Vietnam's First International Logistics Marketplace
► Find Better Freight Rates & Logistics Services!
Featured News
- Hapag-Lloyd applies Peak Season Surcharge from East Asia to USA and Canada
- The world\'s largest container ships MSC Irina and MSC Loreto floated
- MSC (Mediterranean Shipping Company) - The world\'s leading container shipping lines
- Information you need to know about Maersk Line
- Top 10 export and import goods between Vietnam - Philippines in the first 5 months of 2020
Market News
See more
.webp)
_(2).webp)
HOT PROMO
See more
420
LCL
1 Days
Freight cost
Expiry date
Panda Logistics
1.8
642
FCL
4 Days
Freight cost
Expiry date
CÔNG TY CP PROSHIP
1.8
1424
Other
Expiry date
.webp)
Công Ty TNHH Thương mại và Dịch vụ Vạn Hải
1.8
512
FCL
27 Days
Freight cost
Expiry date
CONSOLIDATED POWERS LOGISTICS VIETNAM
1.8
579
FCL
12 Days
Freight cost
Expiry date
Công ty Cổ phần Dịch vụ Chuỗi cung ứng Quốc tế HML
1.8
WHY PHAATA.COM?
USERS/MONTH
LOGISTICS COMPANIES
REQUEST FOR QUOTEŚ
QUOTATIONS
VIETNAM LOGISTICS COMMUNITY
5 Steps to Get the Best Quote
Find price quickly
and
Send quote request
Compare Quotes
and
Selection
Contact for Further Consultation
and
Send request booking
Get feedback
and
Direct Negotiation
Management
and
Evaluate
Freight rates
Sea freight
7
Days Transit
- $300 / 20'GP
Valid till: 2026-01-31
CÔNG TY TNHH SHIP LINK VIỆT NAM
0.4
20
Days Transit
- $815 / 20'GP
- $1,010 / 40'GP
Valid till: 2026-02-27
Chi nhánh tại Khu vực Bắc Bộ - Công ty TNHH Giao nhận vận chuyển Quốc tế Trường Hải
3
25
Days Direct
- $1,390 / 20'GP
- $1,760 / 40'GP
- $1,760 / 40'HQ
Valid till: 2026-01-31
SOV（越南海光）
0.1
45
Days Transit
- $3,400 / 40'HQ
Valid till: 2026-02-14
Công ty T&T Global Agency
1.8
16
Days Transit
- $180 / 20'GP
- $520 / 40'GP
- $520 / 40'HQ
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN THƯƠNG MẠI VÀ TIẾP VẬN ĐẠI DƯƠNG
0.6
3
Days Direct
- $0 /cbm
Valid till: 2026-01-31
WR1 MASTER CONSOL
Verified
2.1
8
Days Direct
- $0 /cbm
Valid till: 2026-02-01
CÔNG TY TNHH VẬN TẢI BIỂN MINH NGUYÊN
0.1
19
Days Direct
-
Refund
$75 /cbm
Valid till: 2026-01-31
CÔNG TY TNHH VẬN TẢI BIỂN MINH NGUYÊN
2.6
30
Days Direct
- $40 /cbm
Valid till: 2025-12-31
CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ 3N
0
30
Days Transit
- $50 /cbm
Valid till: 2025-12-31
KHAI MINH GROUPS CO., LTD – Ho Chi Minh Branch
2.6
Air freight
1
Days Direct
- 1.9 $/kg
Valid till: 2026-01-31
CÔNG TY TNHH EVERGLORY LOGISTICS VIỆT NAM
2.6
7
Days Transit
- 5.3 $/kg
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN DỊCH VỤ VÀ HẠ TẦNG Ô TÔ THÀNH CÔNG
2.1
4
Days Direct
- 8.05 $/kg
Valid till: 2026-01-17
AN BÌNH EXPRESS
2.6
4
Days Transit
- 3.7 $/kg
Valid till: 2026-01-31
MAXTENA SHIPPING&FORWARDING AGENT CO., LTD
2.7
1
Days Direct
- 2.5 $/kg
Valid till: 2026-01-10
TTL Cargo Max
2.6
Rail freight
20
Days Direct
- $7,300 / 40'HQ
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN VẬN TẢI VÀ THƯƠNG MẠI ĐƯỜNG SẮT
Verified
3.8
3
Days Direct
- $450 / 20'GP
- $600 / 40'GP
- $600 / 40'HQ
Valid till: 2025-09-30
SilverSea Co.,Ltd
2.5
26
Days Transit
- $6,710 / 40'GP
- $6,710 / 40'HQ
Valid till: 2024-12-31
WORLDLINK LOGISTICS VIET NAM COMPANY LIMITED
1.8
10
Days Direct
- $1,000 / 20'GP
- $1,000 / 40'GP
- $1,000 / 40'HQ
- $1,000 / 45'HQ
Valid till: 2024-12-31
VIPUTRANS
1.8
3
Days Direct
- $706.5 / 40'HQ
Valid till: 2024-10-31
CÔNG TY CP PROSHIP
1.8
Road freight
6
Hour
- $136.44 / 20'GP
- $155.39 / 40'GP
- $155.39 / 40'HQ
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN THƯƠNG MẠI VÀ TIẾP VẬN ĐẠI DƯƠNG
0.6
1
Day
- $155.39 / 40'GP
Valid till: 2026-02-18
CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ 3N
0
9
Hour
- $570 / 20'RF
Valid till: 2025-11-30
Headway Joint Stock Compnay
3.5
2
Day
- $2,263.3 / 20'GP
- $3,017.73 / 40'GP
- $3,017.73 / 40'HQ
- $3,017.73 / 45'HQ
Valid till: 2026-10-31
CÔNG TY CỔ PHẦN MORNING LOGISTICS
2
1
Day
- $169.75 / 40'HQ
Valid till: 2025-09-30
CÔNG TY TNHH LOGISTICS FV
2.5
Request For Quotes
Help you send and receive quotes from Forwarders on the market quickly and efficiently.
See more
