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 September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Nordic American Offshore Declares Dividend

Nordic American Offshore Ltd. today announced that its board of directors has declared a dividend of $0.45 per common share for the third quarter 2014. This is the same as for the second quarter 2014.

Bollore Africa Logistics Sees Profit Plunge in H1

First half 2014 profit at shipping company Bollore Africa Logistics plunged to 5.89 billion CFA francs ($11.48 million) from 9.45 billion CFA francs in the same period last year,

Ocean Rig, Petrobras Agree to $1.1b Drill Ships Lease

Cyprus-based Ocean Rig UDW Inc said on Monday that it signed a $1.1 billion three-year contract with Brazil's state-run oil company, Petroleo Brasileiro SA, to

Container Ships

CMA CGM Acquires 7,000 Reefer Containers

The CMA CGM Group announced it has acquired more than 7,000 of last generation 40’ High Cube Reefer containers including 6,000 low consumption engines. The CMA

'New Tango' Brings More Post-Panamax Ships to Charleston

New service expands Port of Charleston's capacity to serve North-South trade The SC Ports Authority today received the first ship call of a new consolidated

Video: E-Class Edith Mærsk on the Thames

The largest ship ever to enter the Thames arrived at DP World London Gateway, the U.K.’s new deepwater container port. The 397-meter-long, 56-meter-wide Edith Mærsk

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage 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: 0.1442 sec (7 req/sec)