MEMBER lines of the Transpacific Stabilisation Agreement (TSA) have announced minimum freight rates "intended to coincide with the previously-announced contract rate programme".
TSA lines are recommending a series of minimum short-term market rates from May 1 intended to complement contract rates, also effective from May 1, as part of the quasi-conference's 2015-16 revenue scheme.
Thus, the following rates are proposed:
US$2,050 per FEU for US west coast container yard (CY) shipments via California ports; US$2,100 per FEU for US west coast CY shipments via Pacific Northwest ports; US$4,100 per FEU for US east and Gulf Coast CY cargo; and US$4,400 per FEU for intermodal moves to key Midwestern US interior points.
"While most cargo in the trade continues to move under contract, more customers use the short-term market as a hedge for certain commodities and types of shipments," said TSA executive administrator Brian Conrad.
"Given current cost pressures, it is essential that carriers address both market segments simultaneously for the coming year," he said.
Carriers remain committed to a scheduled April 9 rate increase and to the May 1 minimums for new contracts, Mr Conrad said.
Further increases are likely for the summer peak period, beginning in June, with details to follow.
TSA members include APL, "K" Line, China Shipping, CMA-CGM, Cosco, Hyundai, Maersk, MSC, Cosco, NYK, Evergreen Line, OOCL, Hapag-Lloyd, Hanjin, Yang Ming and Zim.
MARKETS
02 April 2015 - 17:40
TSA May 1 rate: US$2,050/FEU for USWC - $4,100/FEU for USEC
MEMBER lines of the Transpacific Stabilisation Agreement (TSA) have announced minimum freight rates "intended to coincide with the previously-announced contract rate programme".
MARKETS
02 April 2015 - 17:40
TSA May 1 rate: US$2,050/FEU for USWC - $4,100/FEU for USEC
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