Container lines recommend plastic scrap rate adjustment.Shipping lines in the Westbound Transpacific trans·pa·cif·ic adj. 1. Situated on or coming from the other side of the Pacific Ocean. 2. Spanning or crossing the Pacific Ocean. Stabilization Agreement (WSTA WSTA Wall Street Technology Association WSTA Washington Science Teachers Association (Washington state) WSTA Wisconsin State Telecommunications Association WSTA Water Science and Technology Association ) have agreed on the need to raise freight rates on shipments of plastic scrap from the United States to Asia. Effective Oct. 1, 2004, WTSA WTSA World Telecommunications Standardization Assembly WTSA Seaman Apprentice, Weapons Technician Striker (Naval Rating) has recommended increases of $100 per 40-foot container (FEU) and $80 per 20-foot container (TEU TEU Twenty-Foot Equivalent Units (intermodal shipping container) TEU Technical Escort Unit TEU Technical Escort Unit (Army) TEU Tactical Enforcement Unit TEU Treaty of European Union ) on plastic scrap shipments from points of U.S. origin to all destinations in Asia. The scheduled rate increase reflects the rising demand and the increased carrier costs associated with scrap plastic shipments. U.S. containerized con·tain·er·ize v.tr. con·tain·er·ized, con·tain·er·iz·ing, con·tain·er·iz·es 1. To package (cargo) in large standardized containers for efficient shipping and handling. 2. plastic scrap exports to Asia during first half 2004 totaled 26,000 FEU, up 11.9 percent from first half 2003. China accounts for just more than half of that total, or 13,600 FEU, which is up 12 percent from the first half 2003. The Westbound Transpacific Stabilization Agreement, headquartered in Oakland, Calif., is a research and discussion forum of 13 major ocean container shipping lines that carry cargo from ports and inland points in the United States to destinations throughout Asia and the Indian subcontinent. |
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