A theoretical study is presented for the prediction of the scattering of obliquely incident plane acoustic wave by transversely isotropic cylindrical shells immersed in water. In dorder to illustrate the vailidity of the theory backscattering form functions are compared with the existing results for degenerated problems: the catterings by isotropic shell and transversely isotropic solid cylinder. The unidirectional fiber reinforced boron-aluminum composites are selected as a model of transversely isotropic materials having potential applications in practice. From the resonant scattering analysis of the partial backscattering form functions, the dispersion curves for fluid-borne Stoneley wave, guided wave along the shell, and the lowest three Lamb type waves can be found. The Lamb type dispersions are compared with those of the flat plate. The variation of anisotropy significantly affects the properties of circumferential waves. From these results, it can be possible to identify parametrically the material properties of anisotropic cylindrical targets.