CTSA to raise currency fee in May

3/28/2011 11:25:19 AM

Member lines of the Canada Transpacific Stabilization Agreement said they will once again increase their currency adjustment surcharge on May 1. The surcharge will increase to 9 percent. It was raised to 8 percent March 1. CTSA, whose lines provide service between Asia and Canada, reviews its currency surcharge monthly, typically one month ahead of when the rate will go into effect. CTSA member lines are APL, COSCO Container Lines, Evergreen, Hapag-Lloyd, Hyundai Merchant Marine, “K” Line, NYK Line, OOCL, Yang Ming and Zim Integrated Shipping Services.   American Shipper

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