MEMBER carriers of the Transpacific Stabilisation
Agreement (TSA) have made a plea to the US Federal Maritime Commission (FMC) to
allow TSA absorb the Westbound Transpacific Stabilisation Agreement (WTSA) and
become a single entity to monitor the entire transpacific round-trip trade.
TSA executive administrator Brian Conrad said as most
carriers offering round-trip transpacific services have formed one single group
to deal with both TSA and WTSA, merging the existing two agreement can cut
administrative costs, which is important in the "sustained low-revenue
environment seen in recent years".
"Since they operate their business on a round-trip
basis, it only makes sense to view the two segments as an integrated whole from
an agreement perspective as well," said Mr Conrad.
TSA members include APL, China Shipping Container Lines
(CSCL), Cosco, Evergreen, Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine
(HMM), "K" Line, Maersk, MSC, NYK Line, OOCL Yangming and Zim.
Source : HKSG, 29.11.12.
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