Reported 12 months ago
Container shipping rates continue to rise, with Yang Ming announcing an increase in General Rate Increase (GRI) surcharge starting in August, doubling the amount compared to last month, resulting in a more than 20% increase in rates. Evergreen and Wan Hai are expected to also notify customers of new rate increases. With the peak season approaching, the possibility of surpassing historical rate highs is increasing. The industry benefits from soaring rates, boosting the performance and profits of container shipping leaders like Evergreen, Yang Ming, and Wan Hai in the third quarter.
Source: YAHOO