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Transpacific box lines announce peak season surcharge

Transpacific box lines announce peak season surcharge
Container lines serving the transpacific trade are preparing for “potentially healthy peak season” with a surcharge from 1 August.

Member lines of the Transpacific Stablisation Agreement (TSA) have announced a $400 per feu peak season surcharge to applied from 1 August noting positive consumer confidence signals for the second half of the year.

“It is hard to say at this point what the size and the timing of the peak will be, but lines are expecting a defined peak period and want to be prepared,” said TSA executive administrator Brian Conrad. “That means having the necessary vessel and equipment assets in place, the right mix of services, and their costs adequately covered to quickly address contingencies.”

The move follows a general rate increase from 1 July of $400 per feu to US west coast ports and $600 per feu to all other destinations. TSA noted while lines had seen gains from the latest round of increases they were still short of revenue objectives for 2013 – 14 contracts and would be  “weighing the need for further initiatives later this summer”.