The 15 members of the Transpacific Stabilisation Agreement have filed an amendment with the Federal Maritime Commission that would expand the TSA's scope to include the entire transpacific round trip, including the westbound trade.
The TSA said in a statement that, once approved, lines would suspend activities of the existing US-Asia carrier group, the Westbound Transpacific Stabilisation Agreement.
The proposed amendment would cover 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. |
