OOCL told its customers it will once again delay its peak season surcharge in the eastbound Pacific trade for another two weeks until Aug. 15, Journal of Commerce reports.It had previously announced on July 15 that the surcharge would be delayed until Aug.1.
The surcharges will be $320 per 20-foot container, $400 per 40-foot container, $450 per 40-foot high cube and $505 per 45-foot high cube.
OOCL’s action is in line with peak season surcharge delays announced by other carriers as the U.S. import trade from Asia adjusts to a capacity overhang.
Most recently, Maersk Line announced on July 20 that it would postpone by two weeks the implementation of the peak season surcharge that it planned to apply on East Asia-U.S. East Coast cargo July 15.
The Transpacific Stabilization Agreement, which represents most of the carriers in the eastbound Pacific, had originally announced a peak season surcharge of $400 per 40-foot container to run from June 15 until Nov. 30.
As that date approached, many of the TSA lines announced a delay in the surcharge until July 15, but now many are pushing the date back further.
The surcharges will be $320 per 20-foot container, $400 per 40-foot container, $450 per 40-foot high cube and $505 per 45-foot high cube.
OOCL’s action is in line with peak season surcharge delays announced by other carriers as the U.S. import trade from Asia adjusts to a capacity overhang.
Most recently, Maersk Line announced on July 20 that it would postpone by two weeks the implementation of the peak season surcharge that it planned to apply on East Asia-U.S. East Coast cargo July 15.
The Transpacific Stabilization Agreement, which represents most of the carriers in the eastbound Pacific, had originally announced a peak season surcharge of $400 per 40-foot container to run from June 15 until Nov. 30.
As that date approached, many of the TSA lines announced a delay in the surcharge until July 15, but now many are pushing the date back further.