Tropical Shipping Announces General Rate Increase Effective September 16, 2012

JOC Staff |
General Rate Increase for Shipments between the Continental U.S., Canada, the U.S. Virgin Islands, British Virgin Islands, Dominican Republic, Eastern Caribbean, and Guyana

As part of our commitment to the customers and communities we serve, Tropical Shipping strives to deliver the best competitive transportation value. Due to the increasing cost of non fuel related operational expenses, our ability to sustain and invest in the service you have come to expect has been impacted.

In order to continue to provide the highest quality, on-time shipping services, effective September 16, 2012, Tropical Shipping will implement a General Rate Increase (GRI) for shipments between the Continental U.S., Canada, the U.S. Virgin Islands, Tortola, Virgin Gorda, Dominican Republic, Anguilla, Antigua, Barbados, Dominica, , Grenada, Guyana, Nevis, St. Barths, St. Kitts, St. Lucia, St. Maarten, St. Vincent, or Trinidad.

The General Rate Increase, effective September 16, 2012 will be as follows:

Equipment Size
General Rate Increase
20¹ Equipment
$125.00

40¹ X Equipment
$250.00

Over 40¹ Equipment

$281.00
Vehicles not exceeding 700 CFT
$125.00
Vehicles exceeding 700 CFT (ST/FT)
Breakbulk (ST/FT)
$6.25
CWT

$0.32
CFT

$0.16
Barrel - Each
$2.34
Pallet - Each

$12.50

This increase will apply to all open tariff and service contract rates for dry and refrigerated cargo.

ABOUT TROPICAL SHIPPING
Tropical Shipping, owned by AGL Resources, Inc. (NYSE:GAS), and founded in 1963, is one of the leading containerized cargo carriers to The Bahamas and The Caribbean. From its headquarters at the Port of Palm Beach, Tropical currently operates 19 vessels, serves 31 ports from Canada to Guyana and employs over 1,300 worldwide. All media inquiries should be directed to Cecilia Devenyi at 561-840-2715.