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05 December 2019 The on-line newspaper devoted to the world of transports 17:44 GMT+1

December 28, 1998

APL reduces NVOCCs' rates

FOLLOWING the Trans-Atlantic Conference Agreement's (TACA) decision to boost rates in 1999, APL has taken the opposite approach by slashing its rates on the US to Europe route.

The carrier says downward pressure on ocean rates warranted the adjustment, culminating in a US$300-$400 reduction per container for NVOCCs.

NVOCCs handle over a quarter of all ocean ......
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