transpacific-stabilization-agreement

Change That Impacts Ocean Shipping Lane Costs

The Transpacific Stabilization Agreement (TSA), a collaborative forum for ocean container shipping lines serving the trade lane between Asia and North America, has discontinued publishing its guideline formula for calculating fuel costs. Beginning July 1, 2017, the TSA will offer only a single weekly average fuel price for the six million 40-foot containers that travel the lane annually. The impending change has caused various TSA members to file General Rate Increases (GRIs) to ... [+]

Major Announcement to Impact Projected Costs on Ocean Shipping Lane

The Transpacific Stabilization Agreement (TSA), a collaborative forum for ocean container shipping lines serving the trade lane between Asia and North America, will discontinue publishing its guideline formula for calculating fuel costs. Beginning July 1, 2017, the TSA will offer only a single weekly average fuel price for the six ... [+]