China Cosco Holdings Co., the nation’s largest container line, said it had won a targeted increase in transpacific rates, bolstering industrywide efforts to end losses.
Hanjin Shipping Co. and China Shipping Container Lines Co. have also said that most customers accepted higher rates in annual contracts as rebounding U.S. consumer spending spurs demand for shipments of Asian-made goods. A group of 15 shipping lines agreed to seek an $800 per container increase after price wars caused industrywide losses last year.