WTSA to raise rates on “protein” cargo
Shipping lines in the Westbound Transpacific Stabilization Agreement are recommending increases to freight rates for refrigerated U.S.-Asia shipments of beef, pork and poultry, effective July 1.WTSA member lines say they intend to raise so-called 'protein' rates by $400 per FEU for port-to-port cargo, and by $600 per FEU for inland point and mini-landbridge intermodal shipments. Proportionate increases will be applied to other equipment sizes and cargo otherwise rated. For rates constructed as a port-to-port rate plus inland add-on, the water portion will be raised by $400 and the inland add-on by $200.
Local door shipments to Busan will see another $150 per FEU added to existing inland add-on charges or to through rates, on top of the overall increase described above. For all other inland Korea destinations the additional charge will be $400 per FEU. Finally, in cases where carriers provide U.S. West Coast container freight station services to exporters for frozen cargo, the West Coast CFS charge will be raised to $550 per FEU.
