(The following is a reformatted version of a press release
issued by the Transpacific Stabilization Agreement and received
via electronic mail. The release was confirmed by the sender.)
U.S.-ASIA CONTAINER LINES TARGET KEY COMMODITIES FOR RATE
Minimum increases, effective by no later than November 15, allow
Oakland, CA / October 16, 2013 - As the peak shipping period
approaches in the U.S. export trade to Asia, shipping lines in
the Transpacific Stabilization Agreement (TSA) Westbound section
are recommending minimum rate increases in key commodity
categories that have seen steady rate erosion in recent months.
TSA Westbound has adopted minimum guideline increases of US$100
per 40-foot container (FEU) via U.S. West Coast ports, $200 per
FEU via East and Gulf Coast ports, and $100 per FEU for
intermodal shipments, for six commodities - waste paper, metal
scrap, plastic scrap and resin, lumber and logs, hay and
agricultural products - effective no later than November 15. In
the case of waste paper, lines also adopted guideline minimum
rate levels via California ports which may lead to increases
above the minimum levels.
TSA executive administrator Brian Conrad explained that the
guideline is intended to be flexible, reflecting actions already
taken by some carriers in October and different carrier views on
the levels of increase achievable in different lane segments.
“At the end of the day member lines are looking for increases of
at least the levels in the guideline GRI,” he said. “Whether
they achieve the goal by building on recent individual
increases, and the extent to which they pursue GRIs beyond the
minimum levels, will be guided by market conditions and each
carrier’s strategic objectives.”
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 about TSA Westbound is at
tsa-westbound.org. TSA members include:
APL Ltd. Kawasaki Kisen Kaisha, Ltd. (K Line)
Container Lines Maersk Line
CMA-CGM Mediterranean Shipping Co.
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
Marine Co., Ltd.
T: (415) 525-4520
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