CTSA to cut currency adjustment factor to 1pc from September 1
The Canada Transpacific Stabilisation Agreement will lower its currency adjustment factor to one per cent from two per cent on all shipments from Japan and China from September 1.
"The members will continue to monitor exchange rates and will notify customers of any further adjustments," said the CTSA statement.
CTSA member lines are APL, Cosco, Evergreen, Hapag-Lloyd, Hyundai, "K" Line, NYK, OOCL, Yang Ming and Zim.
"The members will continue to monitor exchange rates and will notify customers of any further adjustments," said the CTSA statement.
CTSA member lines are APL, Cosco, Evergreen, Hapag-Lloyd, Hyundai, "K" Line, NYK, OOCL, Yang Ming and Zim.