As such, they will have no alternative but to seek customers’ understanding on their rate restoration program applicable to the trades from Japan to West Coast South America (WCSA), Mexico and West Coast Central America (WCCA), as follows:-
15th February, 2017 RR: USD.750/TEU and USD.1,500/FEU
Member Lines will fully communicate with customers about their RR program mentioned above. However, the RR program is a voluntary and non-binding working remark for Members who are free to deviate from the remark by their own discretion.
APL Co. Pte Ltd. (APL)
CMA-CGM
Compania Chilena de Navegacion Interoceanica (CCNI)
COSCO Container Lines Co., Ltd.
Evergreen Marine Corp. (Taiwan) Ltd. (EMC)
Hamburg Sud (HSDG)
Mediterranean Shipping Co. S.A (MSC)
Pacific International Lines (Pte) Ltd.(PIL)
Hanjin Shipping Co., Ltd.(HJS)
Hyundai Merchant Marine Co., Ltd. (HMM)
Wan Hai Lines Ltd.
INFORMAL RED SEA AGREEMENT
(IRSA)
Notice to the trade
IRSA recommended 15/Feb/2017 RR
It is IRSA’s recommendation to implement following Rate Restoration Program given the necessity to restore rates to sustainable levels as soon as practically possible:-
Effective : 15th February, 2017
RR : USD.150/TEU
The foregoing RR guideline recommendation will be applicable to all Far East (including Japan) to all IRSA destinations.
As a discussion agreement, it should be clearly noted that the recommendation is posed to individual IRSA Members, on a voluntary, non-binding basis. Any IRSA Members are free to voluntarily follow the recommendation on an individual basis or take independent actions not only in terms of quantum but also effective dates through individual negotiations between customers and Members.
AMERICAN PRESIDENT LINES, LTD
CMA CGM & ANL
COSCO CONTAINER LINES
EVERGREEN LINE
HANJIN SHIPPING CO., LTD
PACIFIC INTERNATIONAL LINES
Asia to Caribbean Trade Agreement (ACTA)
Rate Restoration (RR) Program
Member Lines of this Agreement agreed on a voluntary and non-binding basis to target the following rate restoration in the Caribbean trade from Japan:-

15th February, 2017 : USD.1050/20’ and USD.1500/40’

The RR is a working remark for Members who are free to deviate from the remark as per their own judgment.

CMA – CGM
EVERGREEN MARINE CORP. (TAIWAN) LTD.
HAMBURG SU¨DAMERIKANISCHE DAMPFSCHIFFFAHRTS – GESELLSCHAFT KG
MEDITERRANEAN SHIPPING CO. S.A.
ZIM INTEGRATED SHIPPING SERVICESLTD.
China Shipping Container Lines Co., Ltd.
Source: scaga
2017-01-17

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