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Transpacific box lines plan Lunar New Year rate increase, surchargeTranspacific box lines plan Lunar New Year rate increase, surcharge

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.

Marcus Hand, Editor

December 18, 2014

1 Min Read
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Following a $1,000 per feu increase in mid-December member lines of the TSA have lined up a $600 per feu hike on 15 January 2015 and $400 per peak season surcharge in the run up to the Lunar New Year.

However, previous increases would appear to have little impact on the health of the market. “It is critical, after another year of only very slight net gains at best, that carriers shore up rate levels and hold the line on rising costs as we head into a new contracting season and ramp up to meet Lunar New Year seasonal demand,” Brian Conrad TSA administrator said.

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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