Transpacific Stabilization Agreement

Transpacific Stabilization Agreement

19 Dec 2014
Carriers announced general rate increases that span into February this week, as spot rates around the globe respond to mid-December rate hikes. Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, jumped a cumulative 35.8 percent this week.
17 Dec 2014
Another set of historic rate increases are on tap for the trans-Pacific, as the 15 members of the Transpacific Stabilization Agreement announced hikes totaling $1,000 per FEU.
10 Dec 2014
Maersk Line will implement a general rate increase and peak-season surcharge totaling $1,000 per 40-foot container on cargo heading from Asia to the U.S. and Canada starting Jan. 15, the carrier announced today.
10 Dec 2014
Spot rates on the trans-Pacific remained steady this week leading up to a massive general rate increase, a sign that carriers could have some success with the historical GRI, Drewry Maritime Research says.
03 Dec 2014
The 15-member TSA made its historic December general rate increase official today, as trans-Pacific spot rates continue on a downward trend
25 Nov 2014
Carriers are proceeding with the largest single trans-Pacific eastbound rate increase in years but have only postponed making a formal announcement.
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.