CTSA lines maintain 5% CAF
Member lines of the Canada Transpacific Stabilization Agreement said last week they would maintain their currency adjustment factor at 5 percent through February.
The lines increased the CAF to 5 percent as of Jan. 1. It was at 1 percent as recently as September.
CTSA member lines are APL, COSCO Container Lines, Evergreen, Hapag-Lloyd, Hyundai Merchant Marine, 'K' Line, NYK Line, OOCL, Yang Ming and Zim Integrated Shipping Services. The agreement governs trade from Asia to Canada.