News
Shipping lines in the Transpacific Stabilization Agreement (TSA) have delayed the implementation date for their latest peak season surcharge (PSS), originally scheduled to be implemented on June 15, to July 1, 2014.
The PSS of US$400 per 40-foot container (FEU) will coincide with the expiration of various market rates on June 30.
''The objective is to raise overall revenue levels by an average US$400 per FEU at that time for Pacific Northwest and US east coast ports and gateways. For Pacific Southwest ports in California, the objective is to raise overall revenue levels by $200 per FEU on July 1 and by a further $200 per FEU no later than July 15,'' the TSA said.
