COSCO plans TP rate hike

Monday, July 09, 2012

The ocean carrier COSCO Container Lines said Monday it plans to hike rates on the eastbound transpacific from Aug. 7. The move appears to be made outside the auspices of the Transpacific Stabilization Agreement, a discussion body of 15 liner carriers on the trade (of which COSCO is a member). The TSA has not issued recommended guidelines for rate increases in August. Its last guidelines, issued in May, suggested lines seek a peak season surcharge of $600 per 40-foot container from...

You have requested access to content only available to Registered Users of American Shipper. You can become a registered user for FREE. You will not have access to premium content.

Your registration to American Shipper is FREE and will provide you access to much of the content on the American Shipper Web site. You will not have access to Premium Content.

SUBSCRIBE NOW
Access to premium content, original reporting, research, and feature stories require a paid subscription. Subscriptions to American Shipper costs $120 a year. Your subscription includes unlimited access to content on the American Shipper Website, early access to the digital edition of the monthly magazine, and the daily AS+ premium newsletter published each morning.