COSCO SHIPPING Lines has announced a General Rate Increase (GRI) that will be implemented on July 1, 2026. This rate adjustment applies to all shipments originating from the Far East, Indian Subcontinent, Middle East, and Oceania, with final destinations in the United States and Canada. The GRI will affect both dry and reefer cargo moving to all US destinations.
For freight forwarders and shippers, this pre-announced GRI indicates an expected increase in ocean freight costs for these specific trade lanes. Forwarders should factor this into their future quoting and contract negotiations, particularly for long-term agreements that extend into the second half of 2026. The broad application across multiple origin regions and both dry and reefer cargo suggests a comprehensive rate adjustment by the carrier. This could lead to higher shipping expenses for clients moving goods on these routes, necessitating proactive communication and budgeting adjustments.
