CMA-CGM to Rejoin TSA


Oakland, CA / January 24, 2007–Following an absence of just over a year CMA-CGM, the world’s third largest container shipping line, has announced that it will rejoin the Transpacific Stabilization Agreement (TSA), effective March 8, 2007.

TSA is an ocean carrier research and discussion forum covering the trade from Asia to the U.S. It conducts independent economic and market research, generates internal carrier cost and service data, sets voluntary, non-binding service and pricing guidelines for the trade, and adopts common industry standards for terms of service, equipment interchange and regulatory compliance, among other activities.  

"We welcome this decision by CMA-CGM and look forward to their participation as we head into a new round of service contracting in 2007,” said Agreement chairman Ron Widdows, who is also president and chief executive officer of American President Lines, Ltd. “CMA-CGM's worldwide operations and the volumes they control represent an important influence in the transpacific market. Their decision to rejoin attests to the ongoing value of TSA, and will contribute to the effectiveness of our industry as a whole in managing services and costs in the transpacific market."

TSA Members include:
American President Lines, Ltd.
CMA-CGM
COSCO Container Lines
Evergreen Marine Corp. (Taiwan), Ltd.

Hanjin Shipping Co., Ltd.

Hapag Lloyd Container Lines

Hyundai Merchant Marine Co., Ltd.

Kawasaki Kisen Kaisha, Ltd. (K Line)
Mitsui O.S.K. Lines, Ltd.
Nippon Yusen Kaisha (N.Y.K. Line)
Orient Overseas Container Line, Ltd.
Yangming Marine Transport Corp.


Contact: Niels Erich
T: (415) 543-6048
F: (415) 358-4540
E: nerich@pacbell.net


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