12.11.12Far East-Middle East/South Asia Lines Unveil Business Plans for 2013



Shipping agreements covering trades from the Far East to destinations in the Middle East, Red Sea, and South Asian Sub-continent have recommended their members to implement the following rate restoration business plans for 2013:



Informal Rate Agreement （IRA） and Informal Red Sea Agreement （IRSA）



Westbound:
 ・RR of US$500/TEU, effective 1/Apr/2013
 ・RR of US$250/TEU, effective 1/July/2013
 ・RR of US$500/TEU, effective 1/Oct/2013



Eastbound:
 ・RR of US$50/TEU, Effective 1/Jan/2013
 ・RR of US$50/TEU, Effective 1/April/2013
 ・ RR of US$50/TEU, Effective 1/July/2013
 ・RR of US$50/TEU, Effective 1/Oct/2013



For all contract rates with 12-month validity:
 ・Westbound RR of US$500/TEU
 ・Eastbound RR of US$100/TEU



Informal South Asia Agreement （ISAA）
 Westbound:
 ・RR of US$300/TEU, effective 1/Apr/2013
 ・RR of US$200/TEU, effective 1/July/2013
 ・RR of US$300/TEU, effective 1/Oct/2013



Eastbound:
 ・RR of US$100/TEU, Effective 1/Jan/2013
 ・RR of US$50/TEU, Effective 1/Mar/2013
 ・ RR of US$50/TEU, Effective 1/Jun/2013
 ・RR of US$50/TEU, Effective 1/Oct/2013



For all contract rates with 12-month validity:
 ・Westbound RR of US$500/TEU
 ・Eastbound RR of US$100/TEU



---