Transpacific Stabilization Agreement carriers have seen “more robust forward bookings and other favorable market signals” since implementing a peak surcharge in mid-August, said TSA Executive Administrator Brian Conrad.
Rates on the Drewry Shipping Consultants’ Container Rate Benchmark jumped 21 percent after the TSA implemented its $400 surcharge on 20-foot container equivalent units on Aug. 15. The implementation of the surcharge by TSA, which represents 15 carriers in the import trade from Asia, came after a two-month delay.
Following the surcharge announcement, key Asia-based analysts and forwarders expressed doubts that the lines would be able to enforce the surcharges. They argued carriers face overcapacity and business remains slow.