MOL Resigs from WTSA & CWTSA

Friday, May 13, 2005
MOL will resign from the Westbound Transpacific Stabilization Agreement (WTSA), and the Canada Westbound Transpacific Stabilization Agreement (CWTSA), effective June 12, 2005. “After a very careful analysis of the facts, we have concluded that the interests of MOL and our customers will be better served if MOL conducts its business outside the WTSA and CWTSA,” stated Hiroyuki Sato, CEO of MOL’s Liner Division. MOL has been a member of WTSA/CWTSA since it was formed. MOL is committed to continually improving its service quality, while providing customers with maximum value for their transportation dollar. Sato explained that “in today’s fast changing world, we believe we can best accomplish these goals by having greater flexibility to manage our transportation network commensurate with our customers’ needs, as well as our own, to maximize customer satisfaction and meet our financial objectives.”
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Costa Concordia: Operations to Tow the Wreck Begin

Maneouvres began early on Wednesday to remove the rusty hulk of the Costa Concordia cruise liner from the Italian island where it struck rocks and capsized two years ago, killing 32 people.

Thai Resort Owners Sue State Owned Company for Oil Spill

Business owners on Koh Samet island are suing a state-owned petroleum enterprise for the oil spill that polluted the resort island's beaches last year. More than 50,

Bahrain US$35-M Land Reclamation Contract for GLDD

Provider of dredging services in the United States and a major provider of environmental & remediation services, Great Lakes Dredge & Dock Corporation (GLDD) says

Container Ships

Global Ocean Trade: Latest Shipbuilding Orders

No tankship orders noted the past week by Clarkson Hellas in their latest S&P Weekly Bulletin, but no lack of orders in the dry bulk carrier market, all from Far East shipbuilders.

Box Ships Inc. Repays Commerzbank Loan

Greece-based Box Ships Inc. says it has repayed in full the outstanding amount under its loan agreement with Commerzbank AG dated July 29, 2011.  The outstanding amount of the loan,

New ICTF Boosts Crowley’s Efficiency

The opening of Florida East Coast Railway’s (FEC) new, state-of-the-art intermodal container transfer facility (ICTF) adjacent to Crowley Maritime Corporation’s Port Everglades, Fla.

 
 
Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0884 sec (11 req/sec)