News
As a part of their already published 2016 Business Plan, member lines of the Informal Rate Agreement (IRA) reaffirmed their rate restoration plan of US$100 per TEU, effective May 1, 2016.
The recommendation is posed to individual IRA members, on an individual, voluntary, non-binding basis.
The IRA covers the trade between Asia and the Middle East Gulf including ports in the UAE, Bahrain, Qatar, Kuwait, ran, Iraq, Oman and Saudi Arab ports on the Gulf.
