ShippingWatch

Pacific alliance will increase rates

The largest container carriers in the shipping alliance Transpacific Stabilization Agreement (TSA) plan to increase the rates on freight across the Pacific.

Starting August 1st, rates will increase by USD 400 per forty-foot container (feu) on all routes from Asia to the United States, writes the shipping alliance Transpacific Stabilization Agreement (TSA) in a statement.

This happens after spot rates on the route experienced a solid increase last week according to numbers from Chinese Shanghai Shipping Exchange. For instance, the spot rate on freight from Asia to the US West Coast increased by 15 percent, to USD 2,114 per feu.

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