SHIPPING lines participating in the Westbound Transpacific Stabilisation Agreement (WTSA) have announced that they will be increasing freight rates on the US-Asia trade for animal hides.
From July 1, rates for hides will be raised by US$200 per FEU and $160 per TEU on inland point intermodal (IPI) cargo, and by $50/FEU and $40/TEU for port-to-port shipments.
In addition to addressing higher overall inland transport, equipment and cargo handling costs, especially higher rail and truck charges from interior US locations, WTSA lines said in a statement they are hoping to recover a greater share of operating costs in the movement of containerised animal hides, from providing container liners and tri-axle chassis to container cleaning at destination.
WTSA members include APL, HMM, Coscon, "K" Line, Evergreen Marine Corp., NKY Line, Hanjin Shipping, OOCL, Hapag Lloyd, and Yang Ming Marine Transport Corp.
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