Ship line calls for rate hike.The 11 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. shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA WTSA World Telecommunications Standardization Assembly WTSA Seaman Apprentice, Weapons Technician Striker (Naval Rating) ) are recommending that metal scrap freight rates Noun 1. freight rate - the charge for transporting something by common carrier; "we pay the freight"; "the freight rate is usually cheaper" freightage, freight be increased this year. Effective Feb. 15, WTSA member lines say they will raise metal scrap rates by $100 per 40-foot (FEU) container and $80 per 20-foot (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 ) container on port-to-port cargo and West Coast/East Coast local door moves to Asia and by $150 per FEU and $120 per TEU for inland point or mini-land bridge intermodal cargo. Despite strong demand for scrap in Asia, rates remain low to the point that some carriers have stopped soliciting scrap shipments to some destinations-most notably in China--because the rates do not cover transport, equipment and cargo handling costs. |
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