News
Print PDF

New and Amended Maritime Agreements Filed

Friday, May 25, 2018
Sandler, Travis & Rosenberg Trade Report

The Federal Maritime Commission has issued notice that the following new or amended agreements have been filed. Interested parties may submit comments by June 6.

Maersk/MSC/HMM Strategic Cooperation Agreement (Maersk Line A/S, Mediterranean Shipping Company S.A., and Hyundai Merchant Marine Co., Ltd.) – The amendment (1) deletes the trade between North Europe and the U.S. Atlantic Coast from the scope of the agreement and removes all provisions related to that trade from the agreement, (2) increases the amount of space to be exchanged by the parties in the FE-USWC trade and the amount of space to be chartered in the FE-USEC trade, and (3) reflects an increase in the number and size of vessels to be operated by HMM.

Maersk/HLAG/CMA CGM ECUS-WCSA Slot Charter Agreement (Maersk Line A/S, Hapag-Lloyd AG, and CMA CGM S.A.) – The amendment deletes Hamburg Sud as a party and replaces it with Maersk Line A/S, extends the initial term of the agreement, changes the name of the agreement, and restates the agreement.

Hapag-Lloyd/Maersk Line Slot Exchange Agreement (Hapag- Lloyd AG and Maersk Line A/S) – The agreement authorizes the parties to exchange space in the trade between the U.S. Gulf Coast and ports in Argentina, Brazil, Colombia, the Dominican Republic, Mexico, Panama, and Uruguay.

Sealand/APL-CMA CGM West Coast of Central America Slot Charter Agreement (Maersk Line A/S DBA Sealand; APL Co. Pte. Ltd.; American President Lines, ltd.; and CMA CGM S.A.) – The agreement authorizes Sealand to charter space to APL and CMA CGM on its WAMS and WCCA services operating between ports in California and ports in Mexico, Guatemala, El Salvador, Costa Rica, and Nicaragua.

Marine Terminal Services Agreement between Port of Houston Authority and Mediterranean Shipping Co. S.A. – The agreement sets forth certain discounted rates and charges applicable to MSC's container vessels calling at the Port of Houston Authority's Barbours Cut and Bayport Container Terminals. The agreement will commence upon filing with the FMC and the term of the agreement is for 10 years following such filing, with an option to jointly agree upon a five-year extension.

Marine Terminal Services Agreement between Port of Houston Authority and Hapag-Lloyd AG – The agreement sets forth certain discounted rates and charges applicable to Hapag-Lloyd’s container vessels calling at the Port of Houston Authority's Barbours Cut and Bayport Container Terminals. The effective date is Jan. 18, 2018, with a term of 10 years from the effective date and an option to jointly agree upon a five-year extension.

Marine Terminal Services Agreement between the Port of Houston Authority and Evergreen Line Joint Service Agreement D/B/A Evergreen Line – The agreement sets forth certain discounted rates and charges applicable to Evergreen’s container vessels calling at the Port of Houston Authority's Barbours Cut and Bayport Container Terminals. The agreement will  commence upon filing with the FMC and the term of the agreement is for 10 years following such filing, with  an option to jointly agree upon a five-year extension.

To get news like this in your inbox daily, subscribe to the Sandler, Travis & Rosenberg Trade Report.

Customs & International Headlines