CTSA seeks same rate increases as TSA
Member lines in the Canada Transpacific Stabilization Agreement have mirrored a Transpacific Stabilization Agreement rate increase announcement last week from the Transpacific Stabilization Agreement seeking $800 and $1,000 per FEU increases on U.S. West Coast and intermodal shipments, respectively.
Like the TSA, CTSA members said they would also seek a $400-per-container peak season surcharge from Aug. 1, 2010 and a more full collection of fuel and other operating cost related surcharges.
The message from TSA last week stressed the need for carriers and shippers to better calibrate their relationships so that carriers can weather a year that has severely stressed balance sheets.
CTSA's 10 members are APL, COSCO Container Lines, Evergreen Line, Hapag-Lloyd, Hyundai Merchant Marine, 'K' Line, NYK Line, OOCL, Yang Ming and Zim Integrated Shipping Services.
TSA members who are not part of the CTSA are China Shipping, CMA CGM, Hanjin Shipping and MSC.