8 May 2008 - Continued cost pressure including but not limited to rail and motor services coupled with inflationary pressures have made it necessary for CEVA Ocean Line to increase our Asia to North America FAK ocean rates on 12 May, 2008. Specific commodity and lane pair increases will be addressed directly in your new CEVA Ocean Line selling tariff. Increases are mostly limited to USA inland points via US West Coast. In addition, our North America export FAK rates have increased due to capacity, equipment shortages and bunker fuel is floating freely on all trade lanes.
Please see the customer letter for more information.