Japanese ocean carrier NYK Line has followed the lead of compatriot carriers MOL and “K” Line in dropping out the European Liner Affairs Association.

??

MOL left the ELAA at the beginning of 2009 — it also left the Transpacific Stabilization Agreement — while “K” Line said it was leaving the ELAA in July. “K” Line and NYK remain members of the TSA, which applies to eastbound transpacific container trade.

Members of the Container Trade Statistics Agreement are China Shipping, CMA CGM, COSCO Container Lines, CSAV, Evergreen, Hamburg Süd, Hanjin Shipping, Hyundai Merchant Marine, ICL, Maersk Line, MSC, OOCL, PIL, UASC, Yang Ming and Zim.

??

American Shipper

Search to find what you want

• CTSA seeks same increases as TSA

     Member lines in the Canada Transpacific Stabilization Agreement have mirrored a Transpacific Stabilization Agreement rate increase announcement last week from the Transpacific Stabilization Agreement seeking $800 and $1,000 per FEU increases on U.S. West Coast and intermodal shipments, respectively. Like the TSA, CTSA members said they would also seek a $400-per-container

• US-to-Asia Ship Lines Seek Increase

    A week after most large trans-Pacific container carriers sought an “emergency” increase in U.S.

• CTSA raises bunker costs lowers CAF

     Member lines of the Canada Transpacific Stabilization Agreement said they are raising their bunker surcharge in April. It’s the first rise since January and represents a 5 percent increase. ?? • For East Coast ports, the fuel recovery charge will be $581 per 20-foot container, $727 per 40-foot container, $817 per 40-foot

• CTSA lines raise bunker surcharges

     Member lines of the Canada Transpacific Stabilization Agreement said they are raising their bunker surcharge in January. • For East Coast ports, the fuel recovery charge will be $551 per 20-foot container, $689 per 40-foot container, $775 per 40-foot high-cube container, and $872 per 45-foot container. • For West Coast ports, the

• Trans Pacific Container Shipping Group Box Price Impose Levy

    The Transpacific Stabilization Agreement (TSA), a collective of fourteen of the worlds largest container carriers, have declared an emergency revenue programme to boost their incomes in the much depressed market. From 15th January the lines intend to charge an extra levy on every shipping container whilst the normal contract renewal

• Shippers body against emergency fee revenue

    The Western India Shippers Association (WISA) has reacted sharply to the decision of the Transpacific Stabilisation Agreement to slap an emergency revenue charge from Friday. “Although it is claimed to be a voluntary policy guideline, at least three members of Transpacific Stabilisation Agreement operating out of India — APL, Hanjin

• Container Carrier Reach losses 11 billion U.S. dollars

    The world’s top 22 ocean container carriers lost some $11 billion in the first nine months of the year and face further losses in 2010 as the industry digs out from the worst downturn in its 50-plus history. Sixteen of the carriers that have published third-quarter results reported cumulative operating

• CTSA for currency adjustment factor 1pc from 1 September

     The Canada Transpacific Stabilisation Agreement will lower its currency adjustment factor to one per cent from two per cent on all shipments from Japan and China from September 1. “The members will continue to monitor exchange rates and will notify customers of any further adjustments,” said the CTSA statement. CTSA member lines

• TSA slaps help emergency fee revenue, shipping companies

    The Transpacific Stabilization Agreement (TSA) has imposed an emergency revenue charge (ERC) to help liner shipping companies recover revenue losses before the next service contracts are due to be negotiated in May. The ERC applies to shippers who have binding service contracts with TSA member lines.

• Cosco Container Lines, to bring us to and Asia rates

    China Cosco Holdings Co., Hanjin Shipping Co. and eight other shipping companies plan to raise rates for hauling containers to Asia from the U.S. in a bid to end losses on transpacific routes

• Trans-Pacific spot price settles

    After two weeks of strong week-to-week increases, the spot rate for shipping a 40-foot container from Hong Kong to Los Angeles settled down, stabilizing at $1,669 in the week ended Jan. 25, the same rate as in the previous week. The spike in prices over the last two weeks was

• US-Asia shipping implementation program for the restoration of the prices in September

    Member container lines in the Westbound Transpacific Stabilization Agreement (WTSA) have moved to halt the steady erosion of rates in the U.S.-Asia freight market in recent months, with a general rate increase (GRI) recommended to take effect September 1, 2009 for all cargoes moving to all Asian destinations. Effective September 1, WTSA

• US-Asia shipping implementation program for the restoration of the prices in September

    Member container lines in the Westbound Transpacific Stabilization Agreement (WTSA) have moved to halt the steady erosion of rates in the U.S.-Asia freight market in recent months, with a general rate increase (GRI) recommended to take effect September 1, 2009 for all cargoes moving to all Asian destinations. Effective September 1, WTSA

• Cosco Container Lines See Transport Rise in 2010

    China Cosco Holdings Co., Asia’s biggest shipping company by market value, and 14 other container lines, expect a “significant” increase in transpacific cargos this year on rising U.S. consumer confidence

• OOCL joins revenue Emergency Move

     Orient Overseas Container Line affirmed it would join the “emergency revenue program” by the Transpacific Stabilization Agreement, of which it is a member. While TSA has no enforcement powers, its voluntary guidelines generally indicate the direction its members will take