Rate Restoration Program (G.R.I) - Far East & South East Asia - October 2013

Please be advised that shipping line carriers have announced an aggressive Rate Restoration Program (G.R.I) on the Far East & South East Asia import trade lane for the month of October & November.

With shipping line rates at very low levels the carriers intend to increase rates across these industry segments as follows:

F.E.A – 24th October 2013

USD 400.00 per 20’gp & USD 800.00 per 40’gp

S.E.A – 1st November 2013

USD 200.00 per 20’gp & USD 400.00 per 40’gp

F.E.A - 17th November 2013

USD300.00 per 20’gp & USD600.00 per 40’gp

Quantum’s implemented are determined by vessel capacity and utilisation, at present vessels on FEA trade are at full or near full capacity and utilisation, therefore we anticipate that GRI will proceed at advertised levels or thereabouts’.

Our Customer Service and Account Management team will keep you updated with market rate levels.