TWRA Members Adjust Rates Previously Set For U.S. Exports To Far East

Members of the Transpacific W e s t b o u n d Rate Agreement (TWRA), which set rates together for moving U.S. exports to the Far East, are increasing one of their surcharges, decreasing another, and boosting rates for some commodities.

The carriers claim the price adjustments are necessary to accommodate the rise in exports.

The eight carriers of the rate- making group boosted its origin terminal receiving charge April 1 by $20 for every 40-foot and 45-foot container, bringing the total surcharge to $380. For a 20-foot container, or TEU, the increase was $16, making the total surcharge $341. Other cargoes increased by $1 a revenue ton across the board. Per package shipments increased 2 cents a unit. Charges for other per unit shipments rose by 1 percent.

The fuel surcharge was reduced on March 1 to $160 for a 40-foot container, or FEU, and $128 a TEU.

The previous fuel surcharge was $200 an FEU and $160 a TEU.

The conference also raised rates on several commodities, which are in addition to an overall commodity pricing plan announced in December.

TWRA members include Neptune Orient Lines Ltd., Singapore; Nippon Liner System Ltd., Tokyo; Nippon Yusen Kaisha, Tokyo; Sea- Land Service Inc., Edison, N.J.; American President Lines Ltd., Oakland, Calif.; Kawasaki Kaisen Kaisha Ltd., Tokyo; A.P. Moller- Maersk Line, Copenhagen, Denmark; and Mitsui O.S.k. Lines Ltd., Tokyo.

Other stories from April 1991 issue


Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.