CSCL to join Transpacific Stabilisation Agreement
THE Transpacific Stabilisation Agreement (TSA) has announced that it will take in a new member when Shanghai-based China Shipping Container Lines (CSCL) joins the research and discussion group in January.
China Shipping operates a fleet of 153 containerships with an aggregate capacity of 437,000 TEU. Its domestic China network links 12 coastal ports plus harbours along the Yangtze and Pearl Rivers and their tributaries.
CSCL also operates on 40 international routes serving Japan, Korea, Southeast Asia, Australia, the US, northern Europe and the Mediterranean. It operates three service strings independently and participates in two other joint services from Asia to the US.
"We welcome China Shipping as a new member," said TSA administrator Brian Conrad. "They are an important participant in the transpacific market and, as such, face the same operational and cost concerns that other TSA carriers do. To the extent we can broaden our information collection and sharing capabilities regarding market conditions, costs and services, and then provide greater visibility to the customer base, the entire trade benefits."
TSA is a voluntary discussion and research forum of 14 major container shipping lines serving the trade from Asia to ports and inland points in the US. Members include APL, CMA-CGM, Cosco, Evergreen, Hanjin, Hapag Lloyd, HMM, "K" Line, MSC, MOL, NYK, OOCL, Yangming and Zim.