# End of an era for Transpacific Rate Agreement - Modern Materials Handling

> 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.

- Date: 2018-01-24 · published 2018-01-24T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/67177-end-of-an-era-for-transpacific-rate-agreement-modern-materials-handling
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- mmh.com: https://www.mmh.com/article/end_of_an_era_for_transpacific_rate_agreement

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.