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Maersk Line to rejoin TSA

Maersk Line to rejoin TSA

Oakland: Copenhagen-based container shipping firm Maersk Line has applied to rejoin the Transpacific Stabilization Agreement (TSA), effective December 24, 2009. Maersk had been a member of TSA from its inception in 1989 until its resignation from the research and discussion forum in 2004.

"We're pleased that Maersk sees value in TSA and wishes to re-join the agreement," said Ronald D. Widdows, TSA chairman and group president & ceo of NOL, parent company of member line APL Ltd (pictured). "With the unprecedented challenges the industry is facing due to the current global economic crisis, TSA believes it is helpful to have another voice participating in the dialogue to seek solutions that will benefit both carriers and shippers."

Maersk Line provides stand-alone container shipping and related logistics services from Asia to the U.S., and also participates in a vessel-sharing arrangement from China to the U.S. West Coast with TSA member carriers Mediterranean Shipping Co. and CMA-CGM.

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. Current members include APL, China Shipping Container Lines, CMA-CGM, COSCO Container Lines, Evergreen Line, Hanjin Shipping, Hapag Lloyd, Hyundai Merchant Marine, Kawasaki Kisen Kaisha (K Line), Nippon Yusen Kaisha (N.Y.K. Line), Orient Overseas Container Line (OOCL), Yangming Marine Transport Corp as well as Zim Integrated Shipping Services.  [16/11/09]