CTSA retains 7pc currency surcharge through February

THE Canada Transpacific Stabilisation Agreement (CTSA) has announced its member lines will keep its currency adjustment surcharge at seven per cent through February.

The surcharge was raised to seven per cent on December 1. CTSA, whose lines provide service between Asia and Canada, reviews its currency surcharge monthly, typically one month ahead of when the rate will go into effect.


CTSA lines are APL, Cosco, Evergreen, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, NYK Line, OOCL, Yang Ming and Zim.


The port recorded a international transshipment volume of 320,000 TEU, a surge of 115 per cent over the same period in 2009. The figure was expected to hit 340,000 TEU by year end.