Starting November 1, 2024, General Rate Increase (GRI) will be implemented for all cargo shipments from Far East ports. Rates are expected to rise by $700-800 USD/TEU as part of a global strategy to adapt to market shifts in maritime transportation.

Reasons and Impact of the GRI Increase

The maritime shipping market has experienced significant shifts in recent years, including rising transport costs and fluctuating demand for logistics services. This GRI aims to stabilize freight rates, allowing companies to better adjust to the challenges of the modern economy.

As the GRI will affect final shipping costs, we recommend taking advantage of current lower rates by booking shipments before the end of October. This will help optimize costs and ensure continuity in your supply chain.

How Navis Group Supports Your Adaptation to Changes

Navis Group actively monitors market developments and works to offer clients optimal solutions in maritime shipping. With our expertise and comprehensive approach, we provide up-to-date information to help clients make decisions that avoid unnecessary costs.

We recommend contacting our specialists for a consultation on optimal rates and the best logistics solutions. Our experts will analyze your business needs and create tailored solutions to ensure the effective transport of your cargo.

📞 Contact us for prompt consultation to benefit from current rates and prepare for the new market conditions.