The 11 container shipping lines participating in the Canada Transpacific Stabilisation Agreement (CTSA) that serves the trade between Canada and Asia have announced new bunker surcharges, starting from January 1.
A statement issued on behalf of members said that from this date the "Fuel Recovery Charge" will be: US$328 per TEU, $410 per FEU, $461 per 40-foot high cube container, $519 per 45-foot container, and $9 weight/measure adjustment.
This represents a 66 per cent decline in bunker surcharges over a two month period, reports American Shipper.
Also in January, the CTSA's currency adjustment factor will be reduced to 0 per cent, and will be applicable from all origins including Japan and mainland China.
CTSA members are: APL, Cosco Container Lines, Evergreen Line, Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, NYK Line, OOCL, Yang Ming and Zim Integrated Shipping Services Ltd.
A statement issued on behalf of members said that from this date the "Fuel Recovery Charge" will be: US$328 per TEU, $410 per FEU, $461 per 40-foot high cube container, $519 per 45-foot container, and $9 weight/measure adjustment.
This represents a 66 per cent decline in bunker surcharges over a two month period, reports American Shipper.
Also in January, the CTSA's currency adjustment factor will be reduced to 0 per cent, and will be applicable from all origins including Japan and mainland China.
CTSA members are: APL, Cosco Container Lines, Evergreen Line, Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, NYK Line, OOCL, Yang Ming and Zim Integrated Shipping Services Ltd.