News
The Informal Rate Agreement (IRA), which covers the trade to/from ports in Asia including Japan and ports in the Arabian and Iranian Gulf, has recommended its members to advance a planned rate restoration on Japan's westbound exports from June 1, 2014 to May 15, 2014 with the target with increase guideline amount of $300 per TEU.
The recent robust market in advance of Ramadan Holidays and upward rate trend have prompted IRA lines to move up their rate hike plan.
