ASIA/CANADA SHIPPING LINES INCREASE BUNKER SURCHARGE
Shipping lines of the Canada Transpacific Stabilization Agreement plan to increase their bunker surcharge on Oct. 1.
The carrier group’s fuel recovery charge will then amount to: $140 (U.S.) per 20-foot container, $185 per 40-foot container, $210 per 40-foot high-cube container, $235 per 45-foot container, or $4 per freight ton.
The Canada Transpacific Stabilization Agreement, a group of 12 ocean carriers serving the trade from Asia to Canada, said that the increases are required due to escalating fuel prices.