Shippers in the North American Pacific Northwest can expect to pay more next year as Canada Transpacific Stabilization Agreement (CTSA) expects to raise rates in May and also sees surcharges rising, reports Massachusetts-based Logistics Management.
The 11 CTSA lines will raise west coast rates by US$400 per FEU and inland point and east coast rates by $600 per FEU. In addition, a $400 per FEU peak season surcharge will be in effect from June 1 to October 31.
CTSA member lines have also adopted a voluntary guideline of 12 per cent currency adjustment factor (CAF) that was implemented in January from all Asia origins except Japan, which will introduce CAF in February 2008.
Also from January 1, the CTSA fuel surcharges imposed became $755 per TEU and $950 per FEU, as well as a $1,065 per 40-foot high cube charge and a $1,220 per 45-foot container and $21 per weight/measure.
"As inland transport, cargo handling, equipment and other operating expenses continue to rise, local currency costs accelerate against US dollar-denominated freight rates," said a CTSA statement. "Asia-Canada container lines in the CTSA have adopted a 2008 rate programme that addresses challenges, as well as soaring world fuel prices, the leading operating cost component for ocean carriers."
The 11 CTSA lines will raise west coast rates by US$400 per FEU and inland point and east coast rates by $600 per FEU. In addition, a $400 per FEU peak season surcharge will be in effect from June 1 to October 31.
CTSA member lines have also adopted a voluntary guideline of 12 per cent currency adjustment factor (CAF) that was implemented in January from all Asia origins except Japan, which will introduce CAF in February 2008.
Also from January 1, the CTSA fuel surcharges imposed became $755 per TEU and $950 per FEU, as well as a $1,065 per 40-foot high cube charge and a $1,220 per 45-foot container and $21 per weight/measure.
"As inland transport, cargo handling, equipment and other operating expenses continue to rise, local currency costs accelerate against US dollar-denominated freight rates," said a CTSA statement. "Asia-Canada container lines in the CTSA have adopted a 2008 rate programme that addresses challenges, as well as soaring world fuel prices, the leading operating cost component for ocean carriers."