13.12.19Asia to Middle East/Red Sea/South Asia Lines Unveil 2014 Business Plan

Rate agreements of shipping lines covering trades from the Far East to destinations in the Middle East, Red Sea and South Asia recently have unveiled their rate restoration business plans for 2013 as follows:

・Informal Rate Agreement (IRA)

　　For westbound exports:
　　1-Apr RR US$300/TEU
　　1-June RR US$300/TEU
　　1-Oct RR US$300/TEU

　　For eastbound exports:
　　1-Jan RR US$ 50/TEU
　　1-Apr RR US$ 50/TEU
　　1-Jul RR US$ 50/TEU
　　1-Oct RR US$ 50/TEU

　　For all contract rates with 12-month validity:
　　westbound RR US $500/TEU 
　　eastbound PR US $100/TEU

・Informal Red Sea Agreement (IRSA)

　　For westbound exports:
　　1-Apr RR US$300/TEU
　　1-June RR US$300/TEU
　　1-Oct RR US$300/TEU

　　For eastbound exports:
　　1-Jan RR US$ 50/TEU
　　1-Apr RR US$ 50/TEU
　　1-Jul RR US$ 50/TEU
　　1-Oct RR US$ 50/TEU

　　For all contract rates with 12-month validity:
　　westbound PR US $500/TEU
　　eastbound PR US $100/TEU

・Informal South Asia Agreement (ISAA)

　　For westbound exports:
　　1-Apr RR US$150/TEU
　　1-June RR US$100/TEU
　　1-Oct RR US$150/TEU

　　For eastbound exports:
　　1-Jan RR US$ 50/TEU
　　1-Apr RR US$ 50/TEU
　　1-Jul RR US$ 50/TEU
　　1-Oct RR US$ 50/TEU

　　For all contract rates with 12-month validity:
　　westbound PR US $250/TEU
　　eastbound RR US $100/TEU

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