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CTSA to assess currency surcharge

CTSA to assess currency surcharge

   Carriers in the Canada Transpacific Stabilization Agreement are instituting a 2 percent currency adjustment factors on all shipments, including from Japan and China, beginning Aug. 1.

   “The members will continue to monitor exchange rates and will notify their customers of any further adjustments,” CTSA said in a statement.

   CTSA member lines are APL, COSCO Container Lines, Evergreen, Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine, 'K' Line, NYK Line, OOCL, Yang Ming and Zim Integrated Shipping Services.