Pacific shipping lines slate 2d container hike

Apr 10, 2012 | 04:11 PM | Frank Haflich

Tags  scrap exports, container rates, Pacific shipping lines, frank haflich

LOS ANGELES — Ocean shipping lines to Asia are seeking their second container freight hike in 45 days.

Member lines of the Westbound Transpacific Stabilization Agreement (WTSA) said they are "recommending" upward "adjustments" May 15 on top of similar increases that were due to take effect April 1.

The hikes would raise dry commodity rate levels by $50 per 40-foot container (FEU) from the California ports of Los Angeles, Long Beach and Oakland and by $100 per FEU for all other cargo from the Pacific Northwest and other U.S. ports.....

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