Why did Maersk decrease its PSS for India - North America Corridors?

Maersk Announces Decrease in Peak Season Surcharge (PSS) for India-Middle East-Africa-North America Trade

Date: March 19, 2024

Maersk has made the decision to reduce the Peak Season Surcharge (PSS) for the trade route M4W, effective from March 14, 2024 which seems in tandem to CMA CGM postponing its surcharges for third consecutive time to April where shippers are not ready to take new cost increase due to a stabilized rate structure setting up.

Details of the revised tariff are outlined below:

Peak Season Surcharge (PSS)

Destination Ports: Los Angeles, CA, US; Long Beach, CA, US; Seattle, WA, US; Oakland, CA, US; Prince Rupert, BC, CA; Vancouver, BC, CA; Montebello, CA, US; Goodyear, AZ, US; Rancho Dominguez, CA, US; Norwalk, CA, US; Arlington, TX, US; Plainfield, IN, US; Calgary, AB, CA; Tracy, CA, US; Buckeye, AZ, US; Prineville, OR, US; Fairfield, CA, US; Howard City, MI, US; Santa Fe Springs, CA, US; Colton, CA, US; Louisville, KY, US; Phoenix, AZ, US; Delta, BC, CA; Edmonton, AB, CA; Junction City, KS, US; West Chester, OH, US; Casa Grande, AZ, US; Portland, OR, US; Katy, TX, US; Kent, WA, US