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
- Sortera Technologies ‘owning and operating’ aluminum sorting solutions
- IDTechEx sees electric-powered construction equipment growth
- Global steel output recedes in November
- Fitch Ratings sees reasons for steel optimism in 2025
- P+PB adds new board members
- BlueScope, BHP & Rio Tinto select site for electric smelting furnace pilot plant
- Magnomer joins Canada Plastics Pact
- Out of touch with reality
