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.