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A Feb. 1 rate hike of $100 from the U.S. West Coast and $200 from the East and Gulf Coasts is necessary because some cargo fetches rates that “make them less attractive to carriers than repositioning empty containers,” TSA said in a statement.

BY CHRIS DUPIN |TUESDAY, DECEMBER 15, 2015

The members of the Transpacific Stabilization Agreement have recommended a general rate increase (GRI) on Feb. 1 in the amount of $100 per 40-foot container (FEU) for cargo moving via the U.S. West Coast, and $200 per FEU for cargo moving via the U.S. East and Gulf Coasts.

The GRI will not apply to refrigerated shipments, which are rated separately.

TSA, a discussion agreement, said its 15 members, which include most of the leading container carriers in the Asia-U.S. trade, agreed on the need for the across the board increase in dry cargo rates  because “Declining Asian consumer and industrial demand, made worse by a strong dollar, has cut into U.S. export volumes and eroded U.S-Asia freight rates to the point where some dry cargoes are moving at levels which make them less attractive to carriers than repositioning empty containers.”

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