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China opens new ports for importing Pakistani products

TRANSPACIFIC Stabilization Agreement (TSA) member lines serving the Asia-US trade plan to further raise peak season surcharges to counter the effects of higher US inland road and rail charges.

The move comes amid concerns "that even a modest peak season in the summer and fall months will cause disruptions and have major cost impacts on their operations, particularly with regard to east coast all-water shipments", a statement issued on behalf of member lines said.

As a result, an earlier announced peak season surcharge of US$400 per FEU for all Asia-US cargo will still go ahead from June 15, and this will be followed by the surcharges for all-water east and Gulf coast moves via the Panama and Suez canals being increased to $500 per FEU from July 15.

A month later those same surcharges will be set at $600 per FEU through the remainder of the peak season period ending November 15, although the TSA does not rule out imposing even higher surcharges.

The peak season surcharge for US west coast port-to-port cargo, and for inland and mini landbridge intermodal shipments, will remain at $400 for the entire June 15-November 30 period.

TSA members are: APL, "K" Line, Cosco, MOL, Evergreen Marine, NYK Line, Hanjin Shipping, OOCL, Hapag Lloyd, Yang Ming and HMM.