12.02.17Canada to Asia Lines Unveil General Rate Increase

Effective March 15, 2012, member carriers in the Canada Transpacific Stabilization Agreement （CTSA） intend to raise Asia-Canada rates by US$400 per FEU, with other equipment sizes rated per formula, applicable for all CTSA origins and destinations. These rate increases are interim, and are subject to any additional subsequent increases.

CTSA is a discussion forum of the following 10 major container shipping lines serving the trade from Asia to ports and inland points in Canada.
 APL Ltd.
 COSCO Container Lines, Ltd.
 Evergreen Line
 Hapag Lloyd AG
 Hyundai Merchant Marine Co., Ltd.
 Kawasaki Kisen Kaisha, Ltd. （K Line）
 Nippon Yusen Kaisha （N.Y.K. Line）
 Orient Overseas Container Line, Ltd.
 Yangming Marine Transport Corp.
 Zim Integrated Shipping Services