Before the long holiday, due to the weak demand of the European and American market, shipment flows are less than expected, several ship companies GRI price hike plans have lost support, and the expectations of high-end shipping prices have fallen.

After the fifth holiday, from June 1st, several shipping companies announced a number of rebounds again.Transportation expensesThis includes: Additional Fees (GRI), Bunker Charge Fuel Fees (BUC) and Panama Canal Charge Fees (PCC).

1. HMM has announced that it will implement a General Rate Increase (GRI) for services from the port of origin to the United States, Canada, and Mexico (Trans-Pacific Eastbound routes) starting from June 1. The specific amounts are USD 900/20', USD 1000/40', USD 1125/40HC', and USD 1266/45'. Additionally, HMM has adjusted the North America BUC (Bunker Charge) fuel surcharge. From June 1 to the end of June 2023, the fuel surcharge (BUC) for all cargo destined to the United States, Mexico, and Canada will be revised.

Herbert also announced a Panama Canal Charge (PCC) fee of $500 per box for all goods transported from East Asia to North America from June 1st.

3, MSC will also adjust the BAF fuel surcharge as of June 1 to reflect the current high fuel costs of the company. According to the notification, MSC will determine the new BAC rate based on the average price of each route, and the specific rate will be announced in the notification.

The backdrop of these shipping adjustments is that the global supply chain remains tense, shipping demand is high but supply is insufficient, leading to rising shipping business costs and low operational capacity. In addition to rising fuel prices, shipping companies are forced to continue to increase shipping fees to maintain profits. These adjustments will undoubtedly create higher cost pressures for freight owners and will have a certain impact on global trade.