Container Carriers Cancel November GRIs Amid Soft Demand 

In a clear sign of persistent market weakness, major container carriers were forced to cancel or postpone the scheduled November General Rate Increases (GRIs). According to Flexport data, the capacity on many key trade lanes remains high, while demand remains flat, indicating structural overcapacity is dominating the market narrative. This pressure has led to carriers offering “specials” at lower FAK (Freight All Kinds) rates to fill ships.

The inability for the November GRI to hold underscores the cautious “wait-and-see” approach being taken by shippers. Despite the traditional Q4 peak season, the market is not supporting sustained rate increases, forcing carriers to rely heavily on capacity control measures to prevent a steep decline in rates. The Peak Season Surcharge (PSS) was also widely postponed until December 1.

For importers, this freight environment offers tactical rate opportunities, particularly for those willing to accept slightly longer transits. However, the underlying issue of overcapacity is a structural problem that will continue to challenge the market well into 2026, requiring carriers to maintain flexibility in blank sailings and vessel downsizing.

Source: https://www.flexport.com/global-logistics-update/november-13-2025-us-and-china-begin-to-implement/