FMC Delays Expansion of Transpacific Stabilization AgreementCreated by HButler on 2/6/2013 5:09:48 PM
The Federal Maritime Commission has asked the Transpacific Stabilization Agreement for more information on the TSA’s proposed expansion to include westbound as well as eastbound trans-Pacific lines.
The FMC’s information request, posted in the Federal Register, prevents the TSA’s proposed absorption of the Westbound Transpacific Stabilization Agreement from taking effect after a routine waiting period.
The TSA and WTSA are discussion agreements that allow carriers to discuss and establish voluntary rate guidelines but not to jointly set rates.
In seeking permission to include the round trip between Asia and North America, the TSA cited its desire to simplify operations and reduce administrative costs, and noted that the eastbound and westbound discussion groups include many of the same carriers.
- The Journal of Commerce.