TSA eyes rates cut-off level to bring stability

Voluntary bid for floor levels on transpacific

Marcus Hand - Tuesday 14 April 2009

CONTAINER lines are attempting to set minimum floor rates in a desperate bid to arrest tumbling box rates on the transpacific trade.

Following several unsuccessful measures by the Transpacific Stabilization Agreement to stem the slide in container freight rates on the Asia-US trade, members are making a voluntary bid to set a floor level.

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