Panama Canal Draft Restriction Update

Dear All,

Please find the below updated information from carrier in regards to the Panama Canal draft restriction:

The Port of Panama Canal Authority has advised that increased rainfall in the region has enabled deferment of the third draft restriction
of 11.59m (38.0ft) which was to have been effective on 9th May 2016. The revised date for this restriction is 26th May 2016.

If there are any questions please do not hesitate to reach out to your account representative.

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General Rate Increase from Far East to USA and Canada, effective June 1st, 2016

Dear all,

Please be informed of the following General Rate Increase notification from carrier, effective June 1st, 2016:

General Rate Increase from Far East to USA and Canada

Effective Date: June 1st, 2016 (cargo receipt date at origin)
Scope: From all origins in the Far East
To all USA and Canada destinations

GRI: USD 480 per 20′ (all types)
USD 600 per 40′ (all types)
USD 675 per 40’HC (all types)
USD 760 per 45′ (all types)

The General Rate Increase will apply to Dry & Refrigerated cargo as well as to special cargo in Open Tops and Flat Racks.

Posted in Uncategorized

Panama Canal to set draft restrictions

Dear All,

Please find the below information in regards to the Panama Canal draft restrictions:

Panama Canal to set draft restrictions
Source: JOC | Greg Knowler, Senior Asia Editor | Mar 22, 2016 5:40AM EDT
The Panama Canal Authority will set draft restrictions on shipping using the vital east-west waterway as the El Nino weather phenomenon causes water levels to fall well below average for this time of year.

In an advisory to shipping, the authority set the maximum draft at 11.89 meters (39 feet) Tropical Fresh Water, effective April 18, 2016. The maximum authorized transit draft was defined as the deepest point of TFW immersion for each specific vessel in Gatun Lake.

The ACP said the measure would be taken to ensure the continuous and safe operation of the canal, it would be temporary and preventive, and the draft restrictions were a response to changing rainfall patterns associated with El Niño, which warms the waters of the Pacific Ocean.

“When this occurs, El Niño changes the pattern of rainfall in many regions of the planet,” the advisory said. “In this case, it has triggered a drought in the Canal Watershed, causing the water levels of Gatun and Alhajuela Lakes to fall substantially below their average for this time of year.”

Vessels loaded to drafts over 11.89 meters prior to, or on March 21, will have their draft restriction waived for transit, subject to safety considerations. Vessels loaded after March 21 shall comply with the new draft limitation, the advisory said.

Draft restrictions will be implemented in 15-centimeter (six-inch) decrements at a time, with each restriction announced at least four weeks in advance. The Panama Canal will continue to monitor and manage the water levels, and should further draft restrictions be confirmed, notice will be given at least four weeks in advance to give customers time for proper planning.

This is not the first time the Panama Canal has been forced to issue draft restrictions. Restrictions were announced last year, but rains lifted water levels and they were not necessary. El Niño brings drought to Panama and draft restrictions were imposed during the 1997-1998 season.

The Panama Canal is expected to open its new and expanded locks to commercial traffic in the third quarter, and draft restrictions will lay out a very unwelcome mat to world shipping should they still be in place. With the expanded waterway and locks, the canal will be able to handle ships that can carry up to 13,000 twenty-foot-equivalent units, or more than two-and-a-half times the capacity of the current Panamax vessels.

However, carriers are not expected to immediately start deploying the largest capacity ships the new locks can handle. “At the very beginning I expect 9,000 to 10,000-TEU ships will be the workhorses for the first, say, half a year to a year, and then we will see them going to the next level, which could be anywhere from a 12,000-TEU to a 13,000-TEU vessel,” Panama Canal Administrator Jorge Quijano told JOC.com.

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General Rate Increase from Far East to USA and Canada, effective May 1st, 2016

Dear all,

Please be informed of the following General Rate Increase notification from carrier, effective May 1st, 2016:

General Rate Increase from Far East to USA and Canada

Effective Date: May 1st, 2016 (cargo receipt date at origin)
Scope: From all origins in the Far East to all USA and Canada destinations

GRI: USD 1020 per 20′ (all types)
USD 1200 per 40′ (all types)
USD 1350 per 40’HC (all types)
USD 1520 per 45′ (all types)

The General Rate Increase will apply to Dry & Refrigerated cargo as well as to special cargo in Open Tops and Flat Racks.

Posted in Uncategorized

General Rate Increase from Far East to USA and Canada, Postponed to April 1st, 2016

Dear all,

UPDATE: The below GRI has been postponed to April 1st, 2016. Final amounts are still pending.

Please be informed of the following General Rate Increase notification from carrier, effective March 1st, 2016:

General Rate Increase from Far East to USA and Canada

Effective Date: March 1st, 2016 (cargo receipt date at origin)
Scope: From all origins in the Far East
To all USA and Canada destinations

GRI:
USD 540 per 20′ (all types)
USD 600 per 40′ (all types)
USD 675 per 40’HC (all types)
USD 760 per 45′ (all types)

The General Rate Increase will apply to Dry & Refrigerated cargo as well as to special cargo in Open Tops and Flat Racks.

Posted in Uncategorized

General Rate Increase from Far East to USA, effective November 1st

Please be informed of the following General Rate Increase notification from carrier, effective November 1st, 2015:

General Rate Increase from Far East to USA

Effective Date: November 1st, 2015 (cargo receipt date at origin)
Scope: From all origins in the Far East
To all USA destinations

GRI: USD 480 per 20′ (all types)
USD 600 per 40′ (all types)
USD 675 per 40’HC (all types)
USD 760 per 45′ (all types)

The General Rate Increase will apply to Dry & Refrigerated cargo as well as to special cargo in Open Tops and Flat Racks.

Posted in Uncategorized

Peak Season Surcharge (PSS) from Far East to USA and Canada postponed to Aug 1, 2015

2nd Update: The Peak Season Surcharge (PSS) has been postponed to August 1, 2015. Final amounts are still pending.

Update: The Peak Season Surcharge (PSS) will be postponed to July 15th, 2015. Final amounts are still pending.

Dear all,

Please be informed of the following Peak Season Surcharge notification, effective July 1st, 2015:

Peak Season Surcharge (PSS) from Far East to USA and Canada

Effective Date: July 1st, 2015 (cargo receipt date at origin)
Scope: From all Ports of Loading in Asia
To all USA and Canada

PSS: USD 360 per 20′ (all types)
USD 400 per 40′ (all types)
USD 450 per 40’HC (all types)
USD 506 per 45′ (all types)

The Peak Season Surcharge will apply to Dry & Refrigerated cargo as well as to special cargo in open tops and flat racks.

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PierPass Increase, effective August 1, 2015 (Ports of Los Angeles and Long Beach)

PierPass Increase, effective August 1, 2015 (Ports of Los Angeles and Long Beach)

Source: PierPass, Press Release | June 30, 2015

The West Coast MTO Agreement (WCMTOA) today announced an increase in the Traffic Mitigation Fee (TMF) at the
Ports of Los Angeles and Long Beach, scheduled to take effect on August 1, 2015. The increase will sustain continued
operation of PierPass OffPeak gates amid labor cost increases.

Beginning August 1, the TMF will be increased from $66.50 per TEU (twenty-foot equivalent unit) to $69.17 per TEU or
$138.34 per forty-foot container.

WCMTOA periodically adjusts the TMF based on changes in maritime labor costs. The announced change reflects
increases in labor costs contained in the contract recently agreed to between the Pacific Maritime Association and the
International Longshore and Warehouse Union (ILWU). The TMF was last adjusted in August 2013.

Posted in Uncategorized

General Rate Increase from Far East to USA

Please be informed of the following General Rate Increase notification from carrier, effective August 1st, 2015:

General Rate Increase from Far East to USA

Effective Date: August 1st, 2015 (cargo receipt date at origin)
Scope: From all Ports of Loading in Asia
To all USA destinations
GRI:
USD 480 per 20′ (all types)
USD 600 per 40′ (all types)
USD 675 per 40’HC (all types)
USD 760 per 45′ (all types)

The General Rate Increase will apply to Dry & Refrigerated cargo as well as to special cargo in open tops and flat racks.

Posted in Uncategorized

GRI announcement for July 1, 2015

July 1, GRI 2015

Posted in Uncategorized

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