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TSA fighting rate erosion

Ocean

Friday, December 21, 2012

The Transpacific Stabilization Agreement’s recommendation of another general rate increase this week is part of its continuing campaign to prepare for contract renewals in 2013. TSA Executive Administrator Brian M. Conrad said the 15 liner shipping companies that are part of the discussion agreement “cannot afford another year in which expiring contracts and seasonally weak demand erode rate levels, which are then extended for 12 months in the next year’s contracts. Lines...

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