Container lines eye transpacific rate hikes of $400-$600/feu next year

Fifteen of the world’s largest container lines plan to seek rate hikes of US$400 per feu on eastbound transpacific trades to US west coast ports from next May.
Member shipping lines in the Transpacific Stabilisation Agreement (TSA) claimed the early end to this year’s peak season had left the trade “lagging, relative to other Asia container markets, while operating costs continue to rise”.