News Content
Transpacific Stabilisation Agreement levies GRI, peak season surcharge
MEMBER lines of the Transpacific Stabilisation Agreement (TSA) will levy a US$200 per FEU as general rate increase (GRI) and peak season surcharge (PSS) for cargo moving to Pacific southwest ports in California from July 1.
This follows a July 1 increase. TSA carriers applied a full $400 per FEU on July for cargo moving to the Pacific Northwest, US east and Gulf coasts, and via intermodal to inland US points.
"Encouraged by the success of a July 1 revenue improvement, and by recent reassurances that cargo will continue moving as US west coast longshore labour negotiations extend past the contract deadline, container lines are moving ahead with a revenue recovery plan," said the TSA statement.
"With the overall uncertainty already seen in the eastbound freight market, the central issue for shippers and carriers alike is maintaining service and schedule reliability," said TSA executive administrator Brian Conrad.
"All partners in the supply chain need to be able to respond quickly and cover contingencies in the event of cargo surges or bottlenecks. And they need to know that their costs are covered in the process."
TSA members are APL, "K" Line, CSCL, Maersk, CMA-CGM, MSC, Cosco, NYK, Evergreen, OOCL, Hanjin, Yang Ming, Hapag-Lloyd, Zim and Hyundai.
This follows a July 1 increase. TSA carriers applied a full $400 per FEU on July for cargo moving to the Pacific Northwest, US east and Gulf coasts, and via intermodal to inland US points.
"Encouraged by the success of a July 1 revenue improvement, and by recent reassurances that cargo will continue moving as US west coast longshore labour negotiations extend past the contract deadline, container lines are moving ahead with a revenue recovery plan," said the TSA statement.
"With the overall uncertainty already seen in the eastbound freight market, the central issue for shippers and carriers alike is maintaining service and schedule reliability," said TSA executive administrator Brian Conrad.
"All partners in the supply chain need to be able to respond quickly and cover contingencies in the event of cargo surges or bottlenecks. And they need to know that their costs are covered in the process."
TSA members are APL, "K" Line, CSCL, Maersk, CMA-CGM, MSC, Cosco, NYK, Evergreen, OOCL, Hanjin, Yang Ming, Hapag-Lloyd, Zim and Hyundai.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
