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Container rates raised $300 per feu

Container rates raised $300 per feu
China Shipping Container Lines Co has said it will raise rates Asia-US rates on the containers by $300 per feu on Jan. 1.

China Shipping Container Lines Co has said it will raise rates Asia-US rates on the containers by $300 per feu on Jan. 1.

China Shipping Container Lines Co has said it will raise rates Asia-US rates on the containers by $300 per feu on Jan. 1.

This is in addition to the $400 per feu hike that it and other Members of the Transpacific Stabilization Agreement agreed on December 22 to introduce as a voluntary "emergency revenue charge" from January 15 until new contracts for the year come into effect in May.

Container lines aim to increase fees in 2010 after a global recession led to at least $20 billion in estimated losses in 2009, according to the TSA, China Shipping Container also raised Asia-Europe rates by $150 per feu on Dec. 15.

www.TurkishMaritime.com.tr

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