Transpacific Stabilization Agreement

Transpacific Stabilization Agreement

19 Jan 2015
Low bunker fuel prices are helping container shipping line balance sheets, but another impact will be improved schedule reliability as carriers can afford to speed up vessels to make up time lost to rising congestion at many ports around the world.
16 Jan 2015
Carriers in the eastbound trans-Pacific are leveraging what they think will be strong pre-Chinese New Year volumes to implement a $600-per 40 foot container rate increase set to take effect on Feb. 9. The increase will apply to all origins and destinations, the Transpacific Stabilization Agreement, a carrier group, said on Friday.
03 Jan 2015
The year 2014 ended much the way it played out throughout the year in Asia to U.S. spot container rates. Rates declined following an upward spurt triggered by a rate increase. And rates to the U.S. East Coast declined by much less than rates to the West Coast and are up significantly versus a year ago, reflecting continuing demand for services that avoid the West Coast and especially Southern California.
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.