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Thursday, March 24, 2011

CTSA ADOPTS GENERAL RATE INCREASE FOR MAY 1, 2011

Dear Valued Customers,

CTSA ADOPTS GENERAL RATE INCREASE FOR MAY 1, 2011

Container shipping lines in the Canada Transpacific Stabilization Agreement (CTSA) have called for a General Rate Increase (GRI), effective May 1, 2011.

Effective May 1, 2011, member carriers in the Canada Transpacific Stabilization Agreement (CTSA) say they intend to raise Asia-Canada rates across the board by US$400 per FEU for Vancouver local and door cargo, and by US$600 per FEU for all intermodal and East Coast all-water shipments, with other equipment sizes rated per formula. The new rates will apply to all CTSA origins, including Pakistan, Sri Lanka and Bangladesh.

GRI for cargo destined to Vancouver (not moving inland on rail):
USD $320.00/20ft
USD $400.00/40ft
USD $450.00/40ft HC
USD $505.00/45ft
USD $8.00/CBM (LCL)

GRI for all other Canadian destinations:
USD $480.00/20ft
USD $600.00/40ft
USD $675.00/40ft HC
USD $760.00/45ft
USD $12.00/CBM (FCL)

CTSA is a discussion forum of 10 major container shipping lines serving the trade from Asia to ports and inland points in Canada. Members include:

American President Lines, Ltd. Kawasaki Kisen Kaisha, Ltd. (K Line)
COSCO Container Lines, Ltd. Nippon Yusen Kaisha (N.Y.K. Line)
Evergreen Marine Corp. (Taiwan), Ltd. Orient Overseas Container Line, Inc.
Hapag Lloyd AG Yangming Marine Transport Corp.
Hyundai Merchant Marine Co., Ltd. Zim Integrated Shipping Services

Also please note CAF on imports is increasing to 9% in April.



Thank you!

If you should have any questions regarding this matter, please contact:

Celeste Hill - celeste.hill@roelogistics.com
ROE Logistics Inc.
Client Services Manager / Responsable, Services à la clientèle
Tél: (514) 636-8880 ext. 246 Cel: (514) 833-7822
Fax: (514) 636-3888

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