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TRANSPACIFIC CARRIERS TO RAISE FUEL SURCHARGE

TRANSPACIFIC CARRIERS TO RAISE FUEL SURCHARGE

   Carriers of the Westbound Transpacific Stabilization Agreement will increase fuel surcharges by $40 per 40-foot container, $32 per 20-foot box or $2 per revenue ton, effective July 1.

   The Westbound Transpacific Stabilization Agreement said that the change follows increases in marine fuel prices.

   The higher fuel surcharges will apply to shipments under tariff, and under service contract where applicable under the contract terms, the carrier group said.

   The WTSA carriers are APL, COSCO Container Lines, Evergreen, Hanjin Shipping, Hyundai Merchant Marine, “K” Line, Mitsui O.S.K. Lines, Maersk Sealand, P&O Nedlloyd, NYK Line, Orient Overseas Container Line and Yangming Marine Transport.