Sean Corrigan pops up from time to time with an excellent prognosis, and I read him when I can. He was a very reliable guide through the geneses of the dotcom and housing debacles.. and here is his current take.
One of his points is lower shipping volumes, and I note that the cross-pacific freight charge increases have been delayed.
To: All Valued Global Container Line Customers
From: Global Container Line and Global Transportation Services, Inc.
Re: PSS Postponement for WC/IPI (Effective July 15th, 2011 as applied by carriers)
Re: PSS Postponement for WC/IPI (Effective July 15th, 2011 as applied by carriers)
-------------------------------------------------------------------------------------------------------------------------------
Please be advised that we have been notified by our steamship partners of upcoming amendments to:
PEAK SEASON SURCHARGE
These amendments are due to changes in costs and current market conditions.
______________________________________________________________________________________
PSS (Peak Season Surcharge)
Except as otherwise provided, Peak Season Surcharge (PSS) for cargo moving via the US west coast and IPI will be postponed till July 15th, 2011.
From: China, Macau, Hong Kong, Taiwan, Korea, Philippines, Malaysia, Singapore, Indonesia, Japan, Thailand, India, Bangladesh, Sri Lanka, Brunei, Cambodia, Myanmar, Pakistan, Vietnam, United Arab Emirates, Turkey, Jordan, Qatar, Oman
To: United States
USWC/IPI
Per W/M, M, W $8.00
Per 20 Ft. Container $320.00
Per 40 Ft. Container $400.00
Per 40 Ft. High Cube $450.00
Per 45 Ft. Container $510.00
_____________________________________________________________________________________
Should you have any questions on the above, please do not hesitate to contact us. We will advise you, as soon as possible, if there are any changes to the above notification. We value your business and continued support.
Thank you.
Global Container Line
Global Transportation Services, Inc.
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