The Westbound Transpacific Stabilization Agreement announced plans to include in all their new and existing contracts, effective May 1, a $80 per 40-foot container; $64 per 20-foot container and $4 per revenue ton interim fuel assessment. The IFA will also be applied to tariff cargo moving under "all inclusive" tariff rates that have pre-established fuel charges built in.
The agreement cited the 80 percent increase in marine fuel and diesel oil over the past year as a reason for the increase.
Explore the March 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Cards Recycling, Live Oak Environmental merge to form Ecowaste
- Indiana awards $500K in recycling grants
- Atlantic Alumina partners with US government on alumina, gallium production
- GP Recycling president retires
- Novelis Latchford commissions new bag houses
- UK facility focuses on magnet recycling
- Aduro revenue increases while losses widen
- Worldsteel updates its indirect steel data
