Therefore, the Group has decided, in the frame of the Transpacific Stabilization Agreement (TSA) which gathers the 15 major shipping lines, to restore freight rates in the Asia, US East and West Coasts trades to a more sustainable level, effective January 15th'up to April 30th'2010, then the already published TSA GRI program will be applied.
The increase quantum will be as follows:
- +USD 320 per 20' all types
- +USD 400 per 40' all types
- +USD 450 per 40' HC all types
- +USD 505 per 45' HC all types
'Taking this step now is a milestone in the necessary recovery program expected by all operators on this major East / West trade lane. The implementation of this rate restoration on the Transpacific trade will enable us 'to maintain an optimal fleet deployment for the benefit of Asian and US exporters and importers ; this is the first stage towards a financial breakeven needed by the liner shipping industry on this route' explains Jean-Philippe Th'noz, Vice President North America Lines, CMA CGM Group.
