Home Page About us Forum MIL
Tracuu
 



Username
Password
 
Member Register


 
 
 
Login

     

Trans-Pacific Carriers Plan Westbound Rate Hikes

5/9/2012 10:26:41 AM

Trans-Pacific carriers announced proposed rate increases of $300 to $400 per 40-foot container unit, effective July 1, on shipments of frozen and chilled beef, pork and poultry shipments exported from the U.S. to Asia.

 

The Westbound Transpacific Stabilization Agreement, a discussion group of 10 carriers, announced the non-binding rate guidelines for the so-called protein cargoes.

 

Protein shipments moving from West Coast ports to Asia would take a $300 per FEU increase, while intermodal shipments and cargoes moving via all-water services from East Coast ports to Asia would take a $400 increase if the carriers implement the proposed rate hikes. Also, rates for hides would increase $100 from all locations.

 

The WTSA is a discussion agreement. It has no enforcement powers and its guidelines are voluntary, but the WTSA announcements generally reflect market conditions in the westbound Pacific trade.

 

Brian Conrad, WTSA executive administrator, said Asian demand for chilled and frozen meat is strong. Also, the westbound Pacific is competing with other trade lanes for a limited supply of refrigerated equipment, especially temperature-controlled containers for carrying chilled products.

Frozen and chilled meat products normally move under 12-month contracts that run from July 1 through June 30 of the next year, Conrad said.

 

The Journal of Commerce Online

RELATED NEWS
OTHER NEWS
COMMENTS

Your comment

Content:
Email / Name / Tel:
 
The most comprehensive and easy-to-use global marine weather application
With the Courtesy of Bao Hoang Yachts Co.
Click "HERE" to get your own 30day free trail
or contact Ms Phuong Bui at Vietnam Shipper:
phuongbq@vil.com.vn / 08.39330 148

On its way to develop alternative energy-sources for greener aviation, Airbus is also supporting basic research activities for electric aircraft concepts “eGenius”...
more ...
 
Which column are you most interested in VietnamShipper?
Very great
Great
Normal
Not very great

© 2005 Copyright byVietnam Institute of Logistics/ Vietnam Shipper. All right reserved. --- Contact for Advertisement

25th Floor, Pearl Plaza - 561A Dien Bien Phu Str., Binh Thanh Dist. HCMC - Vietnam - Tel: (+84.8) 3513 6399 - Fax: (+84.8) 3513 6359 - Email: admin@vietnamshipper.com