LLOYD TRIESTINO, HATSU TO DISCUSS PACIFIC RATES WITH TSA LINES
Lloyd Triestino Di Navigazione and Hatsu Marine Ltd. will discuss freight rates with the 14 ocean carriers of the Transpacific Stabilization Agreement, under a new carrier group agreement filed with the U.S. Federal Maritime Commission.
The proposed “Evergreen/Lloyd Triestino/Hatsu Marine alliance/TSA bridging agreement” authorizes a bridge agreement between the Evergreen/Lloyd Triestino/Hatsu Marine alliance agreement and the Transpacific Stabilization Agreement.
Lloyd Triestino and Hatsu are affiliates of Evergreen Marine Corp. and provide transpacific services under their own names. Evergreen Marine Corp., a shipping line of the Taiwanese shipping group Evergreen, was already a member of TSA.
The new bridge agreement will permit Lloyd Triestino and Hatsu, as well as their affiliate Evergreen, “to discuss, share information, and reach voluntary agreements with the TSA and its members,” according to the FMC.
The TSA is a carrier group with authority to discuss freight rates and surcharges, and adopt non-binding rate recommendations.
TSA member lines are APL, CMA CGM, COSCO Container Lines, Evergreen Marine Corp., Hanjin Shipping, Hapag-Lloyd, Hyundai, “K” Line, Maersk Sealand, MOL, NYK, OOCL, P&O Nedlloyd and Yang Ming Marine.
The bridge agreement between TSA carriers and the Evergreen/Lloyd Triestino/Hatsu grouping follows another bridge agreement announced last year between the TSA and four carriers of the joint U.S./Indian Subcontinent Indamex service in the trade between the Indian Subcontinent and the U.S. East Coast.
' The “Indamex/Transpacific Stabilization Agreement bridging agreement” gives its member carriers the authority “to exchange information and to discuss and reach non-binding agreement on various matters including rates, charges, rules, and equipment in the trade from India, Pakistan, Bangladesh, and Sri Lanka to the United States East Coast,” a submission to the FMC said.