USA / Canada to New Zealand Trade

Further to our recent notice in early November, please be advised that all the direct carriers off the East & West Coast USA/Canada to NZ have announced a General Rate Increase of US$ 150 per TEU effective from the 1st of December 2009.

As a result of the container rates going up Mondiale / Brennan have no choice but to increase the LCL rates accordingly ex the USA to NZ. The increase will be US$ 6 per w/m (effective 1st Dec). As you can see this is purely a cost recover exercise.

We are ascertaining what will happen with the Canadian LCL rates level and will advise on this shortly. It will almost certainly be at very similar if not the same as the USA increases.

On the 15th of December the USA EFAF will be increasing from USD 540 to
USD 644 per TEU. This will affect all FCL quotations. As a result of the EFAF going up Brennan/Mondiale will instigate a BAF of USD 4 per w/m effective all sailings from the 15th of December onwards. Brennan/Mondiale will continue to monitor the EFAF and should the EFAF go up or down we will adjust the LCL BAF up or down accordingly.

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