Westbound Ocean Rates to Climb

TACA members had increased rates on January 1 and plan to do so again in July and October. As examples of rate increases, January 1 tariffs on 20-foot dry van containers had been bumped up $400. The April 1 additional rate increase will be $240. For 40/45-foot dry containers, the increase in January was $500, and April will add $300.

On top of these jumps in price, TACA has adjusted upward its charges for fuel and is holding until April 15 its currency adjustment at 9%. The latter is due to the continuing devaluation of the U.S. dollar. Any further adjustments to take effect on April 16 will be announced no later than March 15.

For the seven carriers that are the membership of TACA, westbound traffic is expected to grow annually at 5%. Although eastbound volume was up by 10% last year, the imbalance between it and westbound traffic is approximately 35%.

The members of TACA are A.P. Moller-Maersk Sealand, Atlantic Container Line A.B., Hapag-Lloyd Container Line GmbH, Mediterranean Shipping Co., S.A., Nippon Yusen Kaisha NYK Line, Orient Overseas container Line, Ltd. and P&O Nedlloyd Ltd.

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