TSA Lines Adopt February Rate Increase
as Lunar New Year
Oakland, CA / January 16, 2015 Anticipating strong pre-Lunar New Year shipments from Asia to the U.S., container lines in the Transpacific Stabilization Agreement (TSA) are proposing a $600-per-40-foot container (FEU rate increase for all origins and destinations, to take effect on February 9, 2015.
The increase is intended to ensure that carrier costs are adequately recovered coming out of the slower winter season. “This is a very challenging operating environment for transpacific container lines,” said TSA executive administrator Brian Conrad, “and it is critical to maintaining service levels that they not leave money on the table during the Lunar New Year period.”
Conrad emphasized that, while some carriers have reported profitability in the trade in recent quarters, it has come almost entirely from cost-cutting as revenues have shown only marginal improvement over time.
TSA is a research and discussion forum of major container shipping lines serving the trade from Asia to ports and inland points in the U.S.
APL Co. Pte Ltd.
China Shipping Container Lines
COSCO Container Lines, Ltd.
Hanjin Shipping Co., Ltd.
Hapag Lloyd AG
Hyundai Merchant Marine Co., Ltd.
Mediterranean Shipping Co.
Nippon Yusen Kaisha (N.Y.K. Line)
Orient Overseas Container Line, Ltd.
Yangming Marine Transport Corp.
Zim Integrated Shipping Services
Contact: Niels Erich
T: (415) 525-4520