TSA Carriers Call for Emergency Rate Hike
December 15, 2009 by Splatty
Filed under Seafreight
Get ready for another rate increase on the Transpacific Eastbound trade lane.
The TSA carriers have announced an “emergency revenue charge” scheduled to go into effect on January 15, 2010. The adjustment will act as an interim increase until the 2010 contracts are negotiated in April of next year. The scheduled increase is as follows:
USD 320 per 20’ container
USD 400 per 40’ container
USD 450 per 40’ hi-cube container
USD 505 per 45’ hi-cube container
This increase is in addition to the increase that the carriers announced back in October that would take place during contract negotiations next Spring. In October, the TSA carriers advised that they will seek to increase freight rates by $800 per FEU to the West Coast and $1,000 to the East Coast.
From what I am hearing, mitigating the January 15th increase will be extremely difficult. The driving force behind the increase is the financial state of the carriers coupled with decreased capacity due to the carriers withdrawing vessel space. I would expect many carriers will continue to remove additional capacity out of the market over the winter period.
As always, check with your forwarder regarding the possibility of mitigating the proposed increase.
TSA Carriers:
APL, Ltd.
China Shipping Container Lines
CMA-CGM
COSCO Container Lines, Ltd.
Evergreen Line
Hanjin Shipping Co., Ltd.
Hapag Lloyd AG
Hyundai Merchant Marine Co., Ltd.
Kawasaki Kisen Kaisha (K Line), Ltd.
Maersk Lines (membership effective December 24, 2009)
Mediterranean Shipping Company (MSC)
Nippon Yusen Kaisha (N.Y.K. Line), Ltd.
Orient Overseas Container Line (OOCL), Inc.
Yangming Marine Transport Corp.
Zim Integrated Shipping Services
12/16/09 « CH Robinson News on Wed, 16th Dec 2009 8:08 am
[...] TSA Carriers Call for Emergency Rate Hike Get ready for another rate increase on the Transpacific Eastbound trade lane 3PL News: 12/15/09 The TSA carriers have announced an “emergency revenue charge” scheduled to go into effect on January 15, 2010. The adjustment will act as an interim increase until the 2010 contracts are negotiated in April of next year. [...]