Carriers on the Asia-North Europe route have been partially successful in increasing the rates during recent years, but in a vast majority of the cases the rates have not increased as much as announced by the carriers, according to an analysis by shipping analysts SeaIntel, based on the 25 most recent general rate increases (GRI) on the Asia-North Europe route announced by carriers since 2011.
SeaIntel has analyzed the freight rates from the time when the rate increases are announced to one week after the increases have been implemented.
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