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CTSA increases CAF rate

   The Canada Transpacific Stabilization Agreement member lines said Tuesday they are amending their currency adjustment factor from July 1.
   The eastbound CAF will be 8 percent from all Asia origins, including China and Japan.
   The organization last amended its surcharge as of April, when it was set at 7 percent. The next review will occur in August, to be effective from October.
   CTSA members are APL, COSCO Container Lines, Evergreen Line, Hapag-Lloyd, Hyundai Merchant Marine, “K” Line, NYK Line, OOCL, Yang Ming, and Zim.