Transpacific Stabilization Agreement carriers have seen “more robust forward bookings and other favorable market signals” since implementing a peak surcharge in mid-August, said TSA Executive Administrator Brian Conrad, the Journal of Commerce reported.
Rates on the Drewry Shipping Consultants’ Container Rate Benchmark jumped 21 percent after the TSA implemented its $400 surcharge on 20-foot container equivalent units on Aug. 15. The implementation of the surcharge by TSA, which represents 15 carriers in the import trade from Asia, came after a two-month delay.
Following the surcharge announcement, key Asia-based analysts and forwarders expressed doubts that the lines would be able to enforce the surcharges. They argued carriers face overcapacity and business remains slow.
Rates on the Drewry Shipping Consultants’ Container Rate Benchmark jumped 21 percent after the TSA implemented its $400 surcharge on 20-foot container equivalent units on Aug. 15. The implementation of the surcharge by TSA, which represents 15 carriers in the import trade from Asia, came after a two-month delay.
Following the surcharge announcement, key Asia-based analysts and forwarders expressed doubts that the lines would be able to enforce the surcharges. They argued carriers face overcapacity and business remains slow.