Hyundai Merchant Marine have announced a general rate increase (GRI) for all cargo originating from North America to the Middle East and Indian sub-continent as part of their ongoing effort to shift momentum of revenue erosion in the US cargo market.

Effective April 1st 2012, HMM will implement a GRI for cargo from the U.S. and Canada to the Middle East which include, but not limited to, the UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman. The Indian sub-continent include India, Pakistan, Bangladesh and Sri Lanka

Rate levels will be increased by:

  • $50 per forty foot container (FEU) from the Ports of Los Angeles and Oakland
  • $100 per forty foot container (FEU) from all other origins including inland points
  • Transpacific Westbound Trade Vice President Lamont Petersen said rate structures are revised to ensure quality service levels are maintained for schedule reliability and space and equipment availability in the westbound trade.