TSA carriers delay US$400/FEU dry cargo rate hike to December 15

TRANSPACIFIC Stabilisation Agreement (TSA) has announced its member carriers will postpone the implementation of previously announced dry cargo general rate increase (GRI) to December 15 instead of implementing it on December 1 as planned.

The suggested upcoming dry cargo GRI will be US$400 per FEU to the US west coast and $600 per FEU for all other destinations.

TSA members include APL, "K" Line, China Shipping Container Lines (CSCL), CMA-CGM, Cosco, Evergreen, Hanjin, Hapag-Lloyd, Hyundai Merchant Marine, Maersk, MSC, NYK, OOCL, Yangming and Zim.