TSA PRESS RELEASE

Transpacific Stabilization Agreement
(TSA)
Contact : Niels Erich T: 415.316.3369 Email:n.erich@comcast.net
FOR IMMEDIATE RELEASE
@

TRANSPACIFIC STABILIZATION AGREEMENT TO CEASE OPERATIONS

Oakland, CA / January 24, 2018 - After almost 30 years of acting as a strong voice for the ocean carrier industry in the U.S. transpacific trade, the Transpacific Stabilization Agreement (TSA) will officially close its doors on February 8, 2018.

Established in 1989, TSA was among the first carrier discussion agreements formed after passage of the 1984 Shipping Act in the U.S. In addition to TSAfs commercial initiatives, the Agreement has served as a valuable forum for the lines to discuss trade conditions, market developments, and business and economic trends.

gTSA has for many years served a valuable function to the carriers and other industry stakeholders,h said executive administrator Brian Conrad. gLiner shipping is a privately-financed infrastructure for Asia-U.S. trade. TSA has been a key element in helping to maintain and grow a wide range of carriers operating in the trade over the long-term, offering shippers the broadest, most reliable choice of service options possible. It has also been a strong advocate for carrier interests with both global regulators and the shipping public.h

Regarding TSAfs decision to close its doors, Conrad added, gthe commercial and operational environment in the transpacific trade and, more broadly, in ocean transportation worldwide, has experienced significant changes in the past few years that are likely to continue through 2018 and beyond.h gDuring these challenging times in shipping, it became apparent that the TSAfs original mission was no longer viable,h said Conrad. gBut I believe that TSA has performed an important function over the years in supporting the development of U.S. international trade.h


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