TSA LINES POSTPONE DECEMBER 1 DRY CARGO RATE INCREASE

TSA LINES POSTPONE DECEMBER 1 DRY CARGO RATE INCREASE  
Oakland, CA / November 16, 2012 – Container lines serving the trade from Asia 
to the U.S. say they intend to implement a previously announced dry cargo 
general rate increase (GRI) on December 15, 2012 instead of December 1. The 
postponement reconciles varying effective dates adopted on a voluntary basis by 
individual carriers to avoid confusion in the market, and more closely aligns 
the scheduled increase with yearend cargo trends. 
Member carriers in the Transpacific Stabilization Agreement (TSA) are 
recommending a dry cargo general rate increase (GRI) of US$400 per 40-foot 
container (FEU) to the U.S. West Coast, and US$600 per FEU for all other 
destinations. TSA initially announced the GRI in October, explaining at the 
time that revenue improvement is critical amid flat or declining rate levels in 
many commodity segments. This is especially true as lines head into the winter 
season and begin laying a foundation for negotiation of compensatory 2013-14 
service contracts that are essential to delivering sustained, quality services 
in the transpacific trade. 
TSA is a research and discussion forum of major container shipping lines 
serving the trade from Asia to ports and inland points in the U.S. More 
information on TSA can be found at www.tsacarriers.org. TSA members include:
APL Ltd.                                 Kawasaki Kisen Kaisha, Ltd. (K Line)
China Shipping Container Lines           Maersk Line
CMA-CGM                                  Mediterranean Shipping Co.
COSCO Container Lines, Ltd.              Nippon Yusen Kaisha (N.Y.K. Line)
Evergreen Line                           Orient Overseas Container Line, Ltd.
Hanjin Shipping Co., Ltd.                Yangming Marine Transport Corp.
Hapag-Lloyd AG                           Zim Integrated Shipping Services
Hyundai Merchant Marine Co., Ltd. 
(bjh) NY
 
 
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