COSCO Container Lines said this week it plans to raise rates from Asia to North America in line with recent guidelines from the Transpacific Stabilization Agreement, of which the line is a member.
Last week, TSA recommended lines seek a $300 per FEU increase in rates from March 15.
COSCO said it will increase rates by $240 per 20-foot container, $300 per 40-foot container, $340 per 40-foot high-cube container, and $380 per 45-foot container from Far East to U.S. ports.
From the Far East to Canadian ports, the increases are $320 per 20-foot container, $400 per 40-foot container, $450 per 40-foot high-cube container, and $506 per 45-foot container.
The increases apply to origin points in Bangladesh, Brunei, Burma, Cambodia, Hong Kong, Macao, China, Taiwan, India, Indonesia, Japan, Korea, Malaysia, Pakistan, Philippines, Singapore, Sri Lanka, Thailand and Vietnam.
COSCO boosts TP rates in line with TSA
