News
Informal Rate Agreement (IRA) and Informal Red Sea Agreement (IRSA) member lines have announced their rate restoration of US$300 per TEU effective June 1 as part of their 2015 business plan announced in December 2014. The rate increases will be applicable for shipments moving from Japan to Middle East and Red Sea ports and implemented on an individual, voluntary, non-binding basis.
In a separate move, Informal South Asia Agreement (ISAA) lines have also announced a rate restoration of US$100 per TEU effective June 1 for cargo from Japan to South Asian Sub-continent.
