Transpacific carriers seek August rate hikes

Wednesday, July 11, 2012

Container shipping companies in the Asia-to-U.S. trade are seeking to raise dry cargo container rates by an average of $500 per 40-foot container (FEU). The Transpacific Stabilization Agreement (TSA), a discussion agreement of 15 container carriers in the eastbound transpacific trade, said shipping companies "have stepped up efforts to raise freight rates, seeking stronger earnings moving into the summer. The aim is to stabilize recent volatility, boost rates to better accommodate ...

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