Container shipping lines in the Canada Westbound Transpacific Stabilization Agreement (CWTSA) announced rate increases to be implemented in the new year.
For refrigerated cargoes, effective January 15, 2012, rates will be raised on all refrigerated commodities by US$240 per 20' container (TEU), US$300 per 40' container (FEU from all Canadian origin ports and IPI points to all destinations.
For dry cargoes, effective February 1, 2012, the member lines will raise rates on all dry commodities by US$160 per 20' container (TEU), US$200 per 40' container (FEU from all Canadian origin ports and IPI points to all destinations.
CWTSA is a discussion forum of 8 major container shipping lines serving the trade from ports and inland points in Canada to destinations throughout Asia.
The CWTSA Member Lines are:
American President Lines (APL)
COSCO
Evergreen
Hapag Lloyd
Hyundai Merchant Marine
K-Line
Nippon Yusen Kaishen (NYK Line)
Orient Overseas Container Line (OOCL)
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