The Westbound Transpacific Stabilization Agreement announced that most container carriers in the westbound market from the United States to Asia intend to raise their fuel surcharges effective July 1. The increase is in response to significantly increased costs of purchasing and loading marine fuel.
Third quarter surcharges, effective for the quarter ending Sept. 30, are as following:
•$140 for 40-foot, high cube 40-foot and 45-foot container
•$112 per 20-foot container
•$7 per revenue ton by weight or measure
Carriers in the STSA said marine fuel prices have risen sharply during the past quarter at key load center ports in the Pacific region, adding to the operating costs.
Fuel surcharges are used to help carriers recover a portion of extraordinary costs beyond their control due to fluctuating fuel prices.Latest from Recycling Today
- AISI, Aluminum Association cite USMCA triangular trading concerns
- Nucor names new president
- DOE rare earths funding is open to recyclers
- Design for Recycling Resolution introduced
- PetStar PET recycling plant expands
- Iron Bull addresses scrap handling needs with custom hoppers
- REgroup, CP Group to build advanced MRF in Nova Scotia
- Oregon county expands options for hard-to-recycling items
