WTSA Lines to phase in full, floating bunker charge for wastepaper shipments to Asia

Container lines in the Westbound Transpacific Stabilization Agreement (WTSA) announced plans to recover a greater share of fuel costs in their contracts with wastepaper shippers.

Effective January 1, WTSA lines will assess bunker fuel surcharges separately from base freight rates for wastepaper, and allow those surcharges to float, adjusted on a regular basis to reflect fluctuations in world bunker fuel prices.

Wastepaper accounted for 18.3% of the total westbound market in the first half of 2007.