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The Transpacific Stabilization Agreement, a US transpacific carrier discussion group, will close on 8 February 2018 after Maersk Line, K Line, NYK and Zim exited. Remaining members include Cosco-OOCL, CMA CGM, Evergreen, MSC, HMM, Yang Ming and Hapag-Lloyd.
The dissolution removes a forum for coordinated carrier pricing, which could increase rate competition on Asia-US container lanes. Lower container rates are generally neutral to bearish for ocean freight costs on feed imports.
mmh.comPatrick BurnsonJan 24, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
