Thursday , February 09 , 2012
CTSA Announce Rate Restoration March 15 2012

CTSA Carriers Announce Rate Restoration Initiative

Container shipping lines in the Canada Transpacific Stabilization Agreement (CTSA) have adopted a General Rate Increase (GRI), effective March 15 2012.

Effective March 15, 2012, member carriers in the Canada Transpacific Stabilization Agreement (CTSA) say they intend to raise Asia-Canada rates by US$400 per FEU, with other equipment sizes rated per formula, applicable for all CTSA origins and destinations. These rate increases are interim, and are subject to any additional subsequent increases.

CTSA is a discussion forum of 10 major container shipping lines serving the trade from Asia to ports and inland points in Canada. Members include:  

APL, Ltd.                                                                    Kawasaki Kisen Kaisha, Ltd. (K Line)          

COSCO Container Lines, Ltd.                                    Nippon Yusen Kaisha (N.Y.K. Line)

Evergreen Line                                                                        Orient Overseas Container Line, Ltd.

Hapag Lloyd AG                                                         Yangming Marine Transport Corp.     

Hyundai Merchant Marine Co., Ltd.                            Zim Integrated Shipping Services