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Westbound trans-Pacific lines raising ag rates
March 01, 2007
Member shipping lines in the Westbound Transpacific Stabilization Agreement plan to raise rates on dry agricultural products cargoes as part of the groups 2007 revenue and cost recovery program.
The 10-carrier group in a release said the increases "are needed to address ongoing higher cargo handling, equipment and other operating costs in the trans-Pacific market."
Effective April 1, 2007, individual member carriers intend to raise agri-products rates by $100 per 40-foot container and $80 per TEU on a list of cargoes that include soybeans and related products; cotton by-products; grain and grain products; and peas beans and lentils; meal; flour; corn products; starches; animal feed (except pet food); seeds, and food additives.
Source: Journal of Commerce
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