Transpacific container shipping companies have recommended a further freight rate rise of $400 per 40-foot unit (FEU) to take effect on April 15, their organisation, the Transpacific Stabilization Agreement (TSA), said on Wednesday.
The increase comes just ahead of a previously announced May 1 recommended increase of $500 per FEU for U.S. West Coast cargo and $700 per FEU for all other shipments, the Oakland, California-based TSA said in a statement.
“The recommendation reaffirms the resolve of transpacific container lines to improve Asia-U.S. market rates as they move forward in a new round of contract talks with customers,” the TSA said.