SOUTH SEAS STEAMSHIP CANCELS RATE RISE PLAN

SOUTH SEAS STEAMSHIP CANCELS RATE RISE PLAN

   South Seas Steamship Line, the U.S./South Pacific islands niche carrier owned by the Hamburg-Sud shipping group, has canceled a plan to increase rates for U.S./Tahiti shipments on Jan. 1.
   South Seas Steamship, a member of the Pacific Islands Discussion Agreement, said that January would not be an appropriate time to follow through with the voluntary general rate increase announced recently by the discussion agreement.
   The other members of the Pacific Islands Discussion Agreement are Polynesia Line, Far Eastern Shipping Co. and P&O Nedlloyd.