April 01, 2008
New CTSA Fuel Surcharges Coming on May 1
The major shipping lines of the Canada Transpacific Stabilization Agreement (CTSA) have announced that effective May 1, 2008, the following Fuel Recovery Charges and Currency Adjustment Factor (CAF) will go into effect:
|20-ft container || US$796 |
|40-ft container || US$995 |
|40-ft high cube container || US$1,120 |
|45-ft container || US$1,260 |
|W/M adjustment ||US$22 |
The CAF will be 8 percent, and it will be applicable from all origins, including Japan and the People’s Republic of China.
CTSA members will continue to monitor fuel prices and will notify their customers if there are further adjustments.
The twelve carriers in CTSA include:
|American President Lines, Ltd. || Kawasaki Kisen Kaisha, Ltd. (K Line) |
|COSCO Container Lines, Ltd. ||Mitsui O.S.K. Lines, Ltd. (MOL) |
|Evergreen Marine Corp. (Taiwan), Ltd. || Nippon Yusen Kaisha (N.Y.K. Line) |
|Hanjin Shipping Co., Ltd. || Orient Overseas Container Line, Inc. |
|Hapag-Lloyd Container Line || Yang Ming Marine Transport Corp |
|Hyundai Merchant Marine Co., Ltd. || |
ZIM Integrated Shipping Services
For more information, please contact your local FedEx Trade Networks Transport & Brokerage office. For a complete list of office locations go to http://www.ftn.fedex.com/locations/index.html.
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