Member lines of the Canada Transpacific Stabilisation Agreement (CTSA) will increase their currency adjustment surcharge to nine per cent from May 1 between Asia to ports and inland Canada, a one per cent increase from the last increase in March.
The currency surcharge increase is reviewed a month ahead of going live following a general rate increase of US$400 per FEU for Vancouver local and door cargo, and by $600 per FEU for all intermodal and east coast all water shipments, with other equipment sizes rated per formula, CTSA said.
CTSA number 10 members of APL, Cosco, Evergreen, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, NYK Line, OOCL, Yang Ming and Zim.
The currency surcharge increase is reviewed a month ahead of going live following a general rate increase of US$400 per FEU for Vancouver local and door cargo, and by $600 per FEU for all intermodal and east coast all water shipments, with other equipment sizes rated per formula, CTSA said.
CTSA number 10 members of APL, Cosco, Evergreen, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, NYK Line, OOCL, Yang Ming and Zim.