OAKLAND -- Shipping lines that carry U.S. exports to Asia intend to increase their rates on cargoes not specified in tariffs in the westbound Pacific. They also plan to increase their rates on consolidated container loads, as well as exports of chemicals, resins and plastic scrap.  

The Westbound Transpacific Stabilization Agreement, which represents 11 carriers in the trade from the U.S. to Asia, announced the voluntary rate increases Monday.

 

Effective March 15, the lines intend to increase rates by $200 per 40-foot container and $160 per TEU for the freight category known as "cargo not otherwise specified," which refers to commodities not specified in standard carrier tariffs. The WTSA lines also intend to increase their rates $200 per FEU and $160 per TEU on "freight all kinds," which refers to mixed less-than-container loads.

 

Effective April 1, the lines recommend an increase of $100 per FEU and $80 per TEU for shipments of chemicals, resins and plastic scrap to Asia .

 

The proposals are voluntary, and member lines are free to charge whatever rates they wish in confidential contract negotiations with shippers. WTSA said the increases reflect steadily increasing demand for these commodities.