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TSA delays by 2 weeks PSS for Pacific NW/SW, USEC carriage
TRANSPACIFIC Stabilization Agreement (TSA) container shipping lines have delayed the commencement date for their latest peak season surcharge (PSS), originally scheduled to be implemented on June 15, to July 1.
The PSS of US$400 per 40-foot container (FEU) will coincide with the expiration of various market rates on June 30, a statement from the TSA said.
"The objective is to raise overall revenue levels by an average US$400 per FEU at that time for Pacific Northwest and US east coast ports and gateways.
"For Pacific Southwest ports in California, the objective is to raise overall revenue levels by $200 per FEU on July 1 and by a further $200 per FEU no later than July 15," the release said.
"Ocean carriers are committed to improving revenues amid strong year-on-year cargo gains through June, and forward bookings that show the trend continuing into the third quarter.
"Lines anticipate healthy shipments of summer back-to-school retail merchandise, followed by a brief lull before peak season demand picks up."
TSA executive administrator Brian Conrad said, "Our members are seeing steady vessel utilization ranging from mid-90 per cent to full despite new capacity coming into the transpacific market."
He continued, "This is a pivotal point for them in planning ahead for the peak months to provide space and equipment availability, schedule reliability and service differentiation.
"After facing serious operating losses across the trade in recent years, carriers' strategic choices will be decided in large part by available revenue."
The PSS of US$400 per 40-foot container (FEU) will coincide with the expiration of various market rates on June 30, a statement from the TSA said.
"The objective is to raise overall revenue levels by an average US$400 per FEU at that time for Pacific Northwest and US east coast ports and gateways.
"For Pacific Southwest ports in California, the objective is to raise overall revenue levels by $200 per FEU on July 1 and by a further $200 per FEU no later than July 15," the release said.
"Ocean carriers are committed to improving revenues amid strong year-on-year cargo gains through June, and forward bookings that show the trend continuing into the third quarter.
"Lines anticipate healthy shipments of summer back-to-school retail merchandise, followed by a brief lull before peak season demand picks up."
TSA executive administrator Brian Conrad said, "Our members are seeing steady vessel utilization ranging from mid-90 per cent to full despite new capacity coming into the transpacific market."
He continued, "This is a pivotal point for them in planning ahead for the peak months to provide space and equipment availability, schedule reliability and service differentiation.
"After facing serious operating losses across the trade in recent years, carriers' strategic choices will be decided in large part by available revenue."
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