The ocean carrier COSCO Container Lines said Monday it plans to hike rates on the eastbound transpacific from Aug. 7.
The move appears to be made outside the auspices of the Transpacific Stabilization Agreement, a discussion body of 15 liner carriers on the trade (of which COSCO is a member). The TSA has not issued recommended guidelines for rate increases in August. Its last guidelines, issued in May, suggested lines seek a peak season surcharge of $600 per 40-foot container from mid June.
COSCO’s planned increases are:
- For cargo moving to U.S. West Coast ports, and for intermodal cargo via these ports destined to points in California, Oregon and Washington, $400 per 20-foot container, $500 per 40-foot container, $563 per 40-foot high-cube container, and $633 per 45-foot container.
- For intermodal cargo and mini-landbridge intermodal cargo via U.S. West Coast ports destined to points outside of California, Oregon and Washington, $560 per 20-foot container, $700 per 40-foot container, $788 per 40-foot high-cube container, and $886 per 45-foot container.
- For cargo moving via all-water services to U.S. East and Gulf coast ports and for all intermodal cargo via those ports, $560 per 20-foot container, $700 per 40-foot container, $788 per 40-foot high-cube container, and $886 per 45-foot container. – Eric Johnson
