CARRIERS RELEASE DETAILS ON NORTH AMERICA-OCEANIA TRADE

CARRIERS RELEASE DETAILS ON NORTH AMERICA-OCEANIA TRADE    Columbus Line, P&O Nedlloyd, Australia-New Zealand Direct Line and FESCO Ocean Management Ltd. have    announced details of their vessel space charter agreement covering trade between the U.S. Pacific Coast,    Hawaii, Canada, Mexico, Australia, New Zealand and the Pacific Islands.
      The agreement also covers intra-regional trade between U.S. West Coast ports and ports on the Pacific coasts of Mexico and Canada.
   The carriers’ initial plan is to operate a Pacific Southwest string and a Pacific Northwest string.
      The PSW string covers ports in California, New Zealand, Australia, Fiji and Mexico. The string will be served by seven vessels with approximately 1,100 to 1,500 TEUs capacity. P&O Nedlloyd will provide two ships and ANZDL will provide five ships.
      The PNW string includes ports in California, the U.S. Pacific Northwest, Hawaii, New Zealand, Australia, Fiji and Tahiti.    The PNW string will initially use eight vessels of approximately 1,100 to 1,500 TEUs, three of which will be provided by Columbus Lines, three by FESCO and two by ANZDL.
   The initial weekly allocation of slots is 890 TEUs to ANZDL, 487 to Columbus Line, 465 to FESCO and 374 to P&O.