Trans-Pacific Carriers Plan Second Round of Hikes for Westbound Rates

Trans-Pacific ship lines in the Westbound Transpacific Stabilization Agreement (WTSA) have announced a second round of rate hikes for 2012.  The WTSA will recommend increases of $50 per 40-foot-equivalent units from Los Angeles, Long Beach, and Oakland and $100 per FEU for all cargo moving via all-water or intermodal service from Pacific Northwest ports, inland U.S. points or the U.S. East and Gulf coasts beginning on May 15th.  For reefer cargoes, WTSA lines are recommending increases of $200 per FEU for French fries, frozen vegetables and miscellaneous refrigerated cargoes not covered under commodity-specific programs, for all origins and Asian destinations.

The rate increases follow hikes for dry cargoes by the WTSA implemented April 1.

WTSA members include: APL, Cosco, Evergreen, Hanjin, Hapag-Lloyd, Hyundai Merchant Marine, K-Line, NYK, Orient Overseas Container Line and Yang Ming