Independent journal on economy and transport policy
08:36 GMT+2
FIFTEEN TRANSPACIFIC LINES UNITE TO RAISE RATES
(Shipping Times)
November 20, 1997
TSA to adopt US$300 per FEU hike on all contract rates from May 1 next year
By Felix Chan
[SINGAPORE]
In an unprecedented show of unity, the heads of 15 major transpacific shipping lines have agreed to raise freight rates to "levels which reflect more accurately the value of transportation services" provided.
They want to end severe rate cutting ...... Read more on Shipping Times
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