The post Chinese New Year 2020 is a particular unique one, given the extent and spread of the Coronavirus, slowing down the resuming of cargo exported from China. While MSC does not know when exactly exports out of China shall resume to normal, they do believe that lower stocks in the US and Canada shall require a quick return of export performance, once activities will be safe to do so.
In preparation for a strong surge in volume as reserve stocks may need to be activated during the month of March, MSC is announcing a General Rate Increase (GRI), effective March 1, 2020, and a Peak Season Surcharge (PSS) effective March 15, 2020.
General Rate Increase (GRI)
For cargo discharging at a US or Canadian port of discharge:
- $800/20
- $1000/40’
- $1125/40HC
- $1266/45’
The above amounts apply to all equipment types.
Effective March 15, 2020 (gate-in date at origin) the following surcharge shall take effect:
Peak Season Surcharge (PSS)
For cargo discharging at a US or Canadian port of discharge:
- $480/20
- $600/40’
- $675/40HC
- $760/45’