Drewry's Eastbound Trans-Pacific Rate Decline Stops

The Drewry benchmark rate for shipping from Hong Kong to Los Angeles remained unchanged in the week of Dec. 18, following three straight weeks of decline. This comes two days before an attempt by the member lines in the Transpacific Stabilization Agreement to launch the first of a two-stage rate increase. Carriers including Hapag Lloyd, OOCL, Cosco and U.S. Lines are adopting general rate increases of $200 per 40-foot container, effective Dec. 20 in the Asia-to-U.S. trade lane.
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