Scrap exporters untroubled by rate hike

Jun 05, 2012 | 01:41 PM | Frank Haflich

Tags  scrap, exports, containers, rate hikes, WTSA, Frank Haflich

LOS ANGELES — A proposed general rate hike on container shipments to Asia doesn’t appear to be worrying scrap exporters, who have taken the announcement in stride.

The Westbound Transpacific Stabilization Agreement (WTSA) is recommending a new round of rate increases on dry cargo—$50 per 40-foot container (FEU) from California ports and $100 per FEU for all other intermodal and all-water shipments—to take effect July 1.....

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