Saturday, November 20, 2010

Don't believe everything you hear

I don't known what to say. The Transpacific Rate Agreement has told it's members how much they should increase their rates. All this does is give ammunition to all the carriers to say " look, I will give you less than the other guys".

Moeller Maersk A/S, the world’s largest container line, and 14 other shipping companies agreed to seek rate increases of $400 per 40-foot box on Asia-U.S. west coast routes next year as the rebounding global economy revives cargo demand.

The planned increase is part of voluntarily guidelines covering talks for contracts generally starting around May 1, the Transpacific Stabililzation Agreement said in a statement on its website yesterday. The shipping group, which has limited antitrust immunity, also recommended a peak-season surcharge of $400 per box.

from bloomberg

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