12.04.13US to Asia Lines Unveil New Round of Rate Increases

Container shipping lines in the Westbound Transpacific Stabilization Agreement （WTSA） are recommending a further round of incremental rate increases to dry and selected refrigerated commodities, as part of a comprehensive rate restoration effort throughout 2012.

The adjustment, scheduled to take effect on May 15, 2012, will raise dry commodity rate levels by US$50 per FEU） from Pacific Southwest ports （Los Angeles, Long Beach and Oakland）, and by $100 per FEU for all other cargo, moving via all-water or intermodal service from Pacific Northwest ports, from inland U.S. points and from the U.S. East and Gulf Coasts.

In addition, WTSA lines are recommending increases of $200 per FEU to refrigerated rates for French fries, frozen vegetables and miscellaneous refrigerated cargoes not covered under commodity-specific programs, for all origins and Asian destinations.