Hapag-Lloyd Initiates GRI for India to North/South America Routes in 2024
Hapag-Lloyd Initiates GRI for India to North/South America Routes in 2024
Hapag-Lloyd Initiates GRI for India to North/South America Routes in 2024
Hapag-Lloyd Initiates GRI for India to North/South America Routes in 2024
Jan 22, 2024
2-3 min read
In response to the dynamic market conditions and to ensure the continued provision of global services, Hapag-Lloyd has become the first carrier to declare a General Rate Increase (GRI) affecting shipping routes from India/Middle East to Latin America and North America after the New Year 2024.
Notably, these adjustments coincide with the approaching Lunar New Year, coupled with prevailing transit challenges with Red Sea crisis and seasonal increases.The GRI comes into effect on January 22, 2024, for the India to Latin America route, and from February 10, 2024, for shipments from Indian Subcontinent/Middle East to North America.
India/Middle East to Latin America Route
Effective Date: January 22, 2024
From India to West Coast Latin America, Central America, Caribbean, and Mexico:
20' Dry Container: USD 1100
40' Dry Container: USD 500
40' High Cube/ Reefer Container: USD 500
From Arabian Gulf and Red Sea to West Coast Latin America, Central America, Caribbean, and Mexico:
20' Dry Container: USD 600
From India West/North (Nava Sheva, Mundra) to East Coast Latin America:
20' Dry Container: USD 1000
40' Dry Container: USD 300
40' High Cube / Reefer Container: USD 300
From India East/South (Visakhapatnam, Krishnapatnam, Kattupalli, Cochin) to East Coast Latin America:
20' Dry Container: USD 1500
40' Dry Container: USD 500
40' High Cube / Reefer Container: USD 500
From Red Sea to East Coast Latin America:
20' Dry Container: USD 1800
40' Dry Container: USD 800
40' High Cube / Reefer Container: USD 800
Indian Subcontinent/Middle East to North America Route
Effective Date: February 10, 2024
Details:
USD 1000 per container for cargo transported in 20’ and 40’ Dry, Reefer, and Special containers, including High Cube equipment.
These adjustments are essential for adapting to market dynamics, ensuring the sustainability of shipping services, and providing customers with reliable and efficient transport solutions. Apart from Hapag-Lloyd, we anticipate more updates from other carriers to follow as they navigate the evolving challenges of the current global shipping landscape.
In response to the dynamic market conditions and to ensure the continued provision of global services, Hapag-Lloyd has become the first carrier to declare a General Rate Increase (GRI) affecting shipping routes from India/Middle East to Latin America and North America after the New Year 2024.
Notably, these adjustments coincide with the approaching Lunar New Year, coupled with prevailing transit challenges with Red Sea crisis and seasonal increases.The GRI comes into effect on January 22, 2024, for the India to Latin America route, and from February 10, 2024, for shipments from Indian Subcontinent/Middle East to North America.
India/Middle East to Latin America Route
Effective Date: January 22, 2024
From India to West Coast Latin America, Central America, Caribbean, and Mexico:
20' Dry Container: USD 1100
40' Dry Container: USD 500
40' High Cube/ Reefer Container: USD 500
From Arabian Gulf and Red Sea to West Coast Latin America, Central America, Caribbean, and Mexico:
20' Dry Container: USD 600
From India West/North (Nava Sheva, Mundra) to East Coast Latin America:
20' Dry Container: USD 1000
40' Dry Container: USD 300
40' High Cube / Reefer Container: USD 300
From India East/South (Visakhapatnam, Krishnapatnam, Kattupalli, Cochin) to East Coast Latin America:
20' Dry Container: USD 1500
40' Dry Container: USD 500
40' High Cube / Reefer Container: USD 500
From Red Sea to East Coast Latin America:
20' Dry Container: USD 1800
40' Dry Container: USD 800
40' High Cube / Reefer Container: USD 800
Indian Subcontinent/Middle East to North America Route
Effective Date: February 10, 2024
Details:
USD 1000 per container for cargo transported in 20’ and 40’ Dry, Reefer, and Special containers, including High Cube equipment.
These adjustments are essential for adapting to market dynamics, ensuring the sustainability of shipping services, and providing customers with reliable and efficient transport solutions. Apart from Hapag-Lloyd, we anticipate more updates from other carriers to follow as they navigate the evolving challenges of the current global shipping landscape.
In response to the dynamic market conditions and to ensure the continued provision of global services, Hapag-Lloyd has become the first carrier to declare a General Rate Increase (GRI) affecting shipping routes from India/Middle East to Latin America and North America after the New Year 2024.
Notably, these adjustments coincide with the approaching Lunar New Year, coupled with prevailing transit challenges with Red Sea crisis and seasonal increases.The GRI comes into effect on January 22, 2024, for the India to Latin America route, and from February 10, 2024, for shipments from Indian Subcontinent/Middle East to North America.
India/Middle East to Latin America Route
Effective Date: January 22, 2024
From India to West Coast Latin America, Central America, Caribbean, and Mexico:
20' Dry Container: USD 1100
40' Dry Container: USD 500
40' High Cube/ Reefer Container: USD 500
From Arabian Gulf and Red Sea to West Coast Latin America, Central America, Caribbean, and Mexico:
20' Dry Container: USD 600
From India West/North (Nava Sheva, Mundra) to East Coast Latin America:
20' Dry Container: USD 1000
40' Dry Container: USD 300
40' High Cube / Reefer Container: USD 300
From India East/South (Visakhapatnam, Krishnapatnam, Kattupalli, Cochin) to East Coast Latin America:
20' Dry Container: USD 1500
40' Dry Container: USD 500
40' High Cube / Reefer Container: USD 500
From Red Sea to East Coast Latin America:
20' Dry Container: USD 1800
40' Dry Container: USD 800
40' High Cube / Reefer Container: USD 800
Indian Subcontinent/Middle East to North America Route
Effective Date: February 10, 2024
Details:
USD 1000 per container for cargo transported in 20’ and 40’ Dry, Reefer, and Special containers, including High Cube equipment.
These adjustments are essential for adapting to market dynamics, ensuring the sustainability of shipping services, and providing customers with reliable and efficient transport solutions. Apart from Hapag-Lloyd, we anticipate more updates from other carriers to follow as they navigate the evolving challenges of the current global shipping landscape.