Liner conferences reach the end as TSA shuts up shop

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In less than two weeks, the institution that has been Transpacific Stabilisation Agreement (TSA), will end. For nearly 30 years the TSA, now something of an anomaly in today’s world, represented container lines interests on the transpacific trade. Its closure comes a decade after the EU banned a similar agreement, the Far Eastern Freight Conference, which  was deemed to be anti-competitive. TSA executive administrator Brian Conrad said: “During these challenging times in shipping, it became apparent that the TSA’s original mission was no longer viable, but I believe the TSA has performed an important role over the years in supporting the development of US international trade.” Seatrade reports.