MOL quits TSA and CTSA liner agreements

“With the European Union’s abolition of liner anti-trust immunity, it has become extremely difficult to align the business processes of our entire organisation when its regional divisions must operate to differing standards,” said Masakazu Yakushiji, executive vice president of MOL.

“Having done a thorough analysis of marketplace dynamics and the roles of TSA/CTSA relative to our unique ability to differentiate, we concluded MOL and its customers would be better served by conducting business independently from transpacific liner agreements.”

MOL has been a member of TSA and CTSA since their inceptions in 1989, but resigned from the westbound discussion agreements in June 2005. The company, however, remains committed to meeting the needs of its customers and providing them with maximum value for their transportation dollar.