News
Informal Rate Agreement （IRA） lines have announced they will implement on a voluntary basis a rate restoration of US$250 per TEU and $500 per FEU on shipments moving from Japan to the Middle East, effective October 1, 2011. For shipments from the Asian region other than Japan, the rate restoration will be implemented in three stages; by $150 per TEU on September 15; by $200 per TEU on November 1; and by $150 per TEU on December 1.
The IRA covers the trade from Asian countries and territories to the Middle East. e November 1.
