CTSA increases April bunker surcharges, lowers CAF

THE 10 member carriers of the Canada Transpacific Stabilisation Agreement (CTSA) will raise bunker surcharge rates in April.

For east coast ports, the fuel recovery charge will be US$581 per TEU, $727 per FEU, $817 per 40-foot high-cube and $920 per 45-footer.

For west coast ports, the fuel recovery charge will be $294 per TEU, $368 per FEU, $414 per 40-foot high-cube and $465 per 45-footer.

But the CTSA will cut the currency adjustment factor (CAF) to five per cent from April 1, it was five per cent through February, but was slated to rise to 6 per cent in March.

CTSA includes APL, Cosco, Evergreen, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, NYK, OOCL, Yang Ming and Zim. The agreement governs trade from Asia to Canada.

Source: Bloomberg