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The eleven ocean carrier members of the Transpacific Stabilization Agreement (TSA) are looking to hike rates for the 2007-08 season.
In particular, carriers are seeking increases of $300 per forty-foot container for cargo moving to West Coast ports; $650 per FEU for inland point and mini-land bridge intermodal shipments; and $500 per FEU for cargo moving via all-water via the Panama or Suez Canals to East Coast and Gulf Coast destinations. In addition, the TSA will impose a $400 per FEU peak season surcharge for the period of June 15 through October 15, 2007.
According to the TSA, the rate hikes are necessary to offset higher costs associated with rising import volumes and a widening cargo and equipment imbalance.
Members of the TSA include APL, Evergreen, COSCO, Hanjin, Hapag-Lloyd, Hyundai Merchant Marine, K-Line, MOL, NYK, OOCL, and Yang Ming.
In particular, carriers are seeking increases of $300 per forty-foot container for cargo moving to West Coast ports; $650 per FEU for inland point and mini-land bridge intermodal shipments; and $500 per FEU for cargo moving via all-water via the Panama or Suez Canals to East Coast and Gulf Coast destinations. In addition, the TSA will impose a $400 per FEU peak season surcharge for the period of June 15 through October 15, 2007.
According to the TSA, the rate hikes are necessary to offset higher costs associated with rising import volumes and a widening cargo and equipment imbalance.
Members of the TSA include APL, Evergreen, COSCO, Hanjin, Hapag-Lloyd, Hyundai Merchant Marine, K-Line, MOL, NYK, OOCL, and Yang Ming.
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