Container shipping lines in the Westbound Transpacific Stabilization Agreement say they intend to raise freight rates on containerized U.S. recovered fiber shipments to Asia.
Effective Oct. 15, 2004, WTSA has recommended an increase of $45 per 40-foot container over current recovered fiber rates.
WTSA said the increase reflects rising fuel costs since the beginning of 2004. Rates for most other transpacific container cargoes are subject to a separate, quarterly-adjusted bunker charge which fluctuates with marine fuel loading prices in key transpacific markets. But wastepaper, due to its low shipment value and exemption from carrier tariff-filing requirements, has historically had fuel costs folded into base rates.
WTSA is a voluntary discussion and research forum of 13 major container shipping lines serving the trade from ports and inland points in the U.S. to destinations throughout Asia.
Information on all recent and scheduled guideline actions adopted by WTSA can be found on the Agreement’s web site, www.wtsacarriers.org.
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