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).

HMM announced that it will raise the aggregate tariff increase fee (GRI) for ports to the United States, Canada and Mexico from June 1st, with specific amounts of USD 900/20', USD 1000/40', USD 1125/40HC', USD 1266/45'. Secondly, HMM also adjusted the North American BUC fuel surcharge, and from June 1st to the end of June 2023, the fuel surcharge (BUC) for all goods sent to the United States, Mexico and Canada will be adjusted.

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.