Transpacific Stabilization Agreement

Transpacific Stabilization Agreement

19 Nov 2014
U.S. Federal Maritime Commissioners voted 3-2 to ask members of the Transpacific Stabilization Agreement more questions on their proposal to permanently include westbound trans-Pacific trade in their discussion agreement.
19 Nov 2014
Trans-Pacific carriers only achieved half the general rate increase gain they hoped to via a $600-per FEU hike, Drewry Maritime Research said today.
18 Nov 2014
As least seven carriers have suspended newly announced port congestion surcharges on cargo heading from Asia to the U.S. West Coast, likely resulting from importer pushback and U.S. regulatory scrutiny.
14 Nov 2014
Carriers in the trans-Pacific eastbound trade will follow this week’s announcement of a $1,000 congestion surcharge with a proposed $1,000 per container rate increase to take effect in mid-December.
Evergreen container ship at the port of Los Angeles.
14 Nov 2014
Multiple container lines operating in the trans-Pacific lane have plans to implement some of the largest port congestion surcharges ever ― up to $1,000 per 40-foot container ― on cargo moving via U.S. West Coast ports, signaling the extent to which carriers are being battered financially by the worst U.S. port congestion in years.
05 Nov 2014
Spot rates from Hong Kong to Los Angeles lost ground this week, but carriers on the trans-Pacific hope a Nov. 15 general rate increase will buoy the price per container once again.
03 Nov 2014
Shipping lines that carry U.S. exports to Asia are expected to adjust their fuel surcharges on Jan. 1 to reflect new low-sulfur content rules and changes in operating conditions in the westbound trans-Pacific.
Ocean carrier rate revision roundup for Oct. 24
24 Oct 2014
Multiple container lines have planned general rate increases in numerous trade lanes in November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Drewry spot rate chart
22 Oct 2014
General rate increases in the trans-Pacific count on participation from all carriers to be successful, and are hurt when one carrier or several discount prices on the eve of a hike, Transpacific Stabilization Agreement executive administrator Brian Conrad says.
Emissions Map
21 Oct 2014
The largest group of carriers in the trans-Pacific trade lane today unveiled a revised low-sulfur surcharge meant to tackle the costs associated with switching to the fuel in emissions control areas in North America on Jan. 1.
20 Oct 2014
Members of the Transpacific Stabilization Agreement have filed for their 11th general rate increase this year in a continuing effort by carriers to shore up spot rates from Asia to North America.
20 Oct 2014
The Transpacific Stabilization Agreement said most of its member lines are moving forward individually with previously surcharges on intermodal store-door deliveries from Asia to North American points in an effort to offset higher costs.