December 2016 Announcement for Importers

 

Korea, China, Hong Kong and Taiwan and South East Asia to Australia – Shipping lines have announced a proposed Rate Restoration (RR) Effective - 1st January, 2017.

USA / North America – There is a proposed General Rates Increase (GRI) on January 1, 2016

Europe – Rates are reaming stable.

Bunker Adjustment Factor (BAF) – In line with increasing world oil prices shipping lines will review current levels of BAF and increase in line with the world oil prices.

Note: Please check with your local ITM Global Logistics Specialist for current rate levels at time of shipment.