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New Transpacific Rate Hikes Announced

(Mike King – Lloyd’s Loading List)

Transpacific carriers plan to push through additional spot rate hikes at the start of next month in addition to previous recommendations implemented at the start of March and April when lines were gearing up for a post Chinese New Year surge.

Container line grouping the Transpacific Stabilization Agreement (TSA) said the new recommended rates were “intended to complement previously announced minimum service contract rates, also effective 1 May, as part of TSA’s overall 2015-16 revenue programme”.

The new Asia-US market rate minimum recommendations total US$2,050 per FEU for U.S. West Coast container yard shipments via California ports and US$2,100 per FEU for U.S. West Coast for shipments via Pacific Northwest ports. The TSA also recommended that member lines charge at least US$4,100 per FEU for U.S. East and Gulf Coast container yard cargo and US$4,400 per FEU for intermodal moves to key Midwestern U.S. interior points. Click here to read more.