CTSA lowers bunker surcharge 10%
The 12 member shipping lines of the Canada Transpacific Stabilization Agreement on Thursday said they are reducing bunker surcharges 10 percent from Nov. 1.
The reduction follows a 9 percent reduction in fuel surcharges that went into effect Wednesday. The new fuel recovery charge will be:
' $976 per TEU.
' $1,220 per FEU.
' $1,373 per 40-foot, high-cube container.
' $1,545 per 45-foot container.
' $27 weight/measure adjustment.
Meanwhile, CTSA's currency adjustment factor will remain at 5 percent in November, applicable from all origins including Japan and China.
CTSA member lines are APL, COSCO Container Lines, Evergreen Line, Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine, 'K' Line, MOL, NYK Line, OOCL, Yang Ming and Zim Integrated Shipping Services Ltd.
CTSA lowers bunker surcharge 10%
