(The following is a reformatted version of a press release
issued by the Transpacific Stabilization Agreement and received
via e-mail. The release was confirmed by the sender.)
CARRIERS FILE WITH FMC FOR SINGLE TRANSPACIFIC AGREEMENT
TSA cites the need to streamline agreements and cut
Oakland, CA / November 27, 2012 - The members of the
Transpacific Stabilization Agreement (TSA) have filed an
amendment with the U.S. Federal Maritime Commission (FMC) that
would expand TSA’s scope to include the entire transpacific
round trip, including the westbound trade. It is expected that
once the amendment becomes effective, the lines would suspend
activities of the existing U.S.-Asia carrier group, the
Westbound Transpacific Stabilization Agreement (WTSA). TSA
filed the amendment for a 24-month trial period, subject to
review at the end of that time.
Streamlining the agreements and cutting cost is the primary
purpose of the filing, explained TSA Executive Administrator
Brian Conrad. Maintaining separate carrier agreements, each
with its own meetings, dedicated carrier staff support,
compliance requirements and administrative overhead is less
justifiable than in the past, especially given the sustained
low-revenue environment seen in recent years.
In this regard, TSA executive administrator Brian M. Conrad
noted that nearly all other major trade lanes with carrier
agreements are represented by a single group which includes the
entire round trip trade in its scope.
“The same lines carry the cargo in both directions on the same
vessels, as part of their round-trip service rotations,” Conrad
said. “Since they operate their business on round trip basis, it
only makes sense to view the two segments as an integrated whole
from an Agreement perspective as well.”
TSA is a research and discussion forum of major container
shipping lines serving the trade from Asia to ports and inland
points in the U.S. More information on TSA can be found at
TSA members include:
APL Ltd. Kawasaki Kisen Kaisha, Ltd. (K Line)
China Shipping Container Lines Maersk Line
CMA-CGM Mediterranean Shipping Co.
COSCO Container Lines, Ltd. Nippon Yusen Kaisha (N.Y.K. Line)
Evergreen Line Orient Overseas Container Line, Ltd.
Hanjin Shipping Co., Ltd. Yangming Marine Transport Corp.
Hapag-Lloyd AG Zim Integrated Shipping Services
Hyundai Merchant Marine Co., Ltd.
Contact: Niels Erich T: 415.525.4520
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