Westbound Transpacific Stabilization Agreement (WTSA) announced in December its
intention to establish minimum rates for hay, and to increase rates on scrap metal,
moving in the trade lane from the US to Asia. The effective date for hay minimum
rate setting was January 1, 2002.
lines said they will individually implement, in their tariffs and service contracts,
minimum rates to Asia via the US West Coast, in the amount of US$500 per 40-foot
container with the exception of US$600 via Portland.
above minimum rates are effective through March 31, 2002, and subject to further
increase on April 1, 2002.
for metal scrap from current US origin points will be increased effective January
1, 2002. The form of increase and specific amounts will be established and made
available by individual carriers.