ANOTHER TWO TRANSPACIFIC CARRIERS JOIN WTSA GROUP

ANOTHER TWO TRANSPACIFIC CARRIERS JOIN WTSA GROUP    CMA CGM and Hapag-Lloyd have joined the Westbound Transpacific Stabilization Agreement, a discussion agreement of transpacific ocean carriers.
   CMA CGM entered the transpacific trade last year. Hapag-Lloyd rejoined the WTSA carrier group after an absence of several years.
   The other carriers of the Westbound Transpacific Stabilization Agreement are APL, COSCO Container Lines, Evergreen, Hanjin Shipping, Hyundai Merchant Marine, “K” Line, Maersk Sealand, Mitsui O.S.K. Lines, P&O Nedlloyd, NYK Line, Orient Overseas Container Line and Yangming Marine Transport.
   The WTSA is a discussion agreement that has the authority to discuss and recommend rate increases and ancillary charges. Each carrier may then, individually and on a voluntary basis, implement the charges or increases.
   CMA CGM and Hapag-Lloyd are also members of the eastbound Transpacific Stabilization Agreement.
   Details on all the main conferences and discussions agreements are posted on the ComPairData global liner shipping database at www.compairdata.com.