NON-CONFERENCE ATLANTIC LINES JOIN NAA AGREEMENT
NON-CONFERENCE ATLANTIC LINES JOIN NEW NAA AGREEMENT
Virtually all the traditional non-conference Atlantic carriers have joined
the new North Atlantic
Agreement, which will succeed the Trans-Atlantic Conference Agreement.
The agreement, filed with the Federal Maritime Commission mid-February,
shows that APL, Atlanticargo, COSCO, Independent Container Line, "K" Line, Lykes
Lines and Yangming have joined the new conference. These seven carriers have traditionally
operated as outsiders in the transatlantic.
DSR-Senator, Hanjin Shipping, Hyundai and TMM-Mexican Line, which were
initially members of TACA but subsequently resigned, have also joined the North Atlantic
All the current members of TACA will continue to operate as conference
lines within the new NAA. The TACA lines are currently ACL, Hapag-Lloyd, Mediterranean
Shipping Co., A. P. Moller/Maersk, NYK, OOCL, P&O Nedlloyd, POL-Atlantic and Sea-Land
The NAA’s large membership of 20 carriers will give the new conference a
share of around 80 percent of the northern Europe/U.S. trade.
Only three transatlantic lines have not joined the NAA — Evergreen,
Mitsui O.S.K. Lines and Cho Yang –.