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MSC to join TSA

MSC to join TSA

Hong Kong: The Transpacific Stabilization Agreement (TSA), a research and discussion group of container shipping lines serving the trade from Asia to the US is to admit  Geneva-based Mediterranean Shipping Company (MSC) to its ranks - pending a 45-day filing notification period with the U.S. Federal Maritime Commission.

"We're very pleased to have MSC become a part of TSA," said TSA chairman and American President Lines president and ceo Ron Widdows. "They are a formidable global competitor, with a sizable and growing stake in the transpacific market. We look forward to their participation as TSA continues its efforts to bring improved visibility to market, operational and cost information, and to engage customers on service and pricing issues as well as the broader dynamics affecting the Asia-U.S. cargo market."

MSC is the world's second largest container line, operating 326 ships with a combined ship capacity of 1.06m teu.  It offers three scheduled transpacific service strings, with additional intra-Asia feeder services.  [10/04/07]