Once powerful liner conferences would seem to be going the way of the dodo as the container shipping industry under goes major transformation.
The Transpacific Stabilization Agreement (TSA) is recommending another $600 per feu rate increase ahead of the Lunar New Year as lines struggle to raise rates on the key trade.
Ahead of plans by the Transpacific Stablisation Agreement to drop general rate increases (GRIs) for 2015 – 16 contracting, they have become almost a monthly event on the Asia – US trade.
Container lines on the transpacific trade are aiming for another $1,000 per feu general rate increase from mid-December.
The US' Federal Maritime Commission (FMC) has clarified its tariff rules as container lines warn of congestion surcharges.
Container lines are to roll out congestion surcharges of up $1,000 per feu on trade from Asia for cargo moving through US West Coast ports from 17 November.
Transpacific container lines have set a low sulphur fuel surcharge from 1 January 2015 to cover increased fuel.
Container lines on the transpacific trade are aiming for minimum rate levels in 2015 – 2016 in the range of $2,000 to $3,650 per feu from Asia to the US.
Container lines on the transpacific trade are making another attempt to raise rates.