Scrap facing LA port woes as freight rate hike, levy loom
Dec 13, 2007 | 10:44 AM
| Michael Marley
West Coast scrap metal exporters who use containers to carry their metals overseas face a double whammy at the port of Los Angeles this month—higher container freight rates and an anti-pollution levy from the port authority.
The shipping companies that supply them with containers have already informed the scrap exporters and other container users that they will boost the rate of the 20-foot equivalent containers (TEU) by $12 a tonne later this month and the 40-foot TEUs by $15 a tonne, industry sources said.
Those increases will take the average cost of using the containers to as high at $45 a tonne, one exporter said, but added that the cost is still well below the prevailing bulk cargo rate of more than $90 a tonne from the West Coast to ports in Asia.....
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