Due to Hanjin Shipping filing for bankruptcy protection on Wednesday, August 31, 2016 - the carriers have announced a Trans-Pacific Eastbound General Rate Increase (GRI) for October 1, 2016: $1,500 per 40' (other sizes per formula).
In addition due to the immediate loss of space in the market (26,500 TEU per week) the previously announced September 15th PSS of $600 per 40' is likely to be implemented. UWL will continue to negotiate with our core carriers to mitigate these charges for all of our customers as well as keep our customers and friends up to speed on the changing market conditions during this critical situation.
We thank you for your business and continued support. If you have any questions related to this announcement or need assistance with transportation, logistics, supply chain management or sourcing, please contact a UWL expert today at 440-356-5353 or connect with an expert.