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TSA Officially Announces January 15 Peak Surcharge

Another set of historic rate increases are on tap for the Trans-Pacific, as the 15 members of the Transpacific Stabilization Agreement announced hikes totaling $1,000 per FEU. The rate hikes come in the form of a combined general rate increase and peak season surcharge. The $600 per 40-foot container and $400 per FEU peak season surcharge will attempt to add $1,000 per container to rates on Jan. 15, in anticipation of a cargo surge preceding the Chinese New Year celebrations (Feb. 19, 2015 to Feb. 25, 2015). This is the second $1,000 per FEU rate hike announced in as many months, as TSA carriers attempted to raise trans-Pacific rates by $1,000 per FEU on Dec. There has been no indication that the lines will also enact a $1,000 port congestion surcharge, which carriers promised the Federal Maritime Commission would be delayed into 2015. Congestion at Southern California ports is still an issue. The TSA includes APL, China Shipping Container Lines, CMA CGM, Cosco Container Lines, Evergreen Line, Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine, “K” Line, Maersk Line, Mediterranean Shipping CO., NYK Line, OOCL, Yang Ming and Zim Integrated Shipping Services. (Excerpted from JOC Online)

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