Evergreen Line filed a range of rate increases on a number of different commodity exports in the trans-Pacific and the Trans-Atlantic to support what it called “sustainability.”
Evergreen forecast the ocean carrier industry collectively will lose more than $20 billion in 2009 and said rates have fallen in every major trade lane to the point that every carrier can expect to lose money on almost every shipment it accepts. “This is the definition of unsustainability,” Evergreen said in its announcement.
“The course must be turned or the industry's ability to serve the needs of shippers worldwide will be called into serious question,” it said.
Evergreen said it is “well aware of the economic conditions confronting all businesses today, but we must find a sustainable balance to ensure continuing service to the world economy.”
It said it will “remain committed to rate restoration until such time that container freight rates reach compensatory levels.”
Evergreen's rate restoration programs begin Aug. 1 with some changes Aug. 15.
For trans-Pacific westbound metal scrap from Los Angeles and Oakland, the rates are $40 per 20-foot container and $50 per 40-foot and 40-foot high-cube container.
Most commodities via East or West Coast ports will be charged $80 per TEU and $100 per FEU and 40-foot high-cube container or 45-foot high-cube container.
There are various exceptions.
Contact Peter T. Leach at email@example.com.