Container shipping lines in the Westbound Transpacific Stabilization Agreement have announced further rate hikes for dry and reefer cargoes to boost revenues on U.S.–Asia lanes.
The WTSA is recommending a dry container rate boost ofUS$50 per 40-foot container (FEU) from the Pacific Southwest ports of Los Angeles, Long Beach and Oakland from May 15. From U.S. East and Gulf Coast ports and inland points and on all-water or intermodal services from Pacific Northwest ports, the WTSA is recommending a $100 per FEU increase, also from May 15.