TACA said in a statement that based on the latest monitoring period, the continuing strength of major European currencies against the dollar will trigger an adjustment to the Currency Adjustment Factor (CAF) from 12 percent to 15 percent effective May 16 though at least June 15.
The TACA is comprised of ocean carriers that offer maritime and intermodal service between the United States, Atlantic, Gulf, and Pacific ports to and from North Europe, the United Kingdom and Ireland and Scandinavian and Baltic ports. Member ocean carriers include Atlantic Container Line A.B., Maersk Line, Mediterranean Shipping Co., Nippon Yushen Kaisha (NYK) Line, and Orient Overseas Container Line (OOCL).