News
The Informal Rate Agreement (IRA) covering trade from the Far East to destinations in the Middle East and Informal Red Sea Agreement (IRSA) have recommended their members to implement a rate restoration of $500 per TEU, effective April 1, 2013. The Informal South Asia Agreement (ISAA) has recommended a restoration by a smaller amount of $300 per TEU, effective April 1, 2013.
IRA members are also set to implement a rate restoration of $500 per unit for all westbound reefer cargo (including Japan), effective April 1, 2013.
