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New and Amended Maritime Agreements Filed

Wednesday, December 07, 2016
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 Dec. 19.

Hyundai Glovis/Sallaum Cooperative Working Agreement (Hyundai Glovis Co. Ltd. and Sallaum Lines DMCC) – The agreement authorizes the parties to charter space to/from one another and coordinate the sailings of their ro-ro vessels in the trade from the Atlantic and Gulf coasts of the United States to ports in West and South Africa.

Transpacific Stabilization Agreement (American President Lines, Ltd. and APL Co. PTE Ltd.; (operating as a single carrier); Maersk Line A/S; CMA CGM, S.A.; COSCO Container Lines Company Ltd; Evergreen Line Joint Service Agreement; Hapag-Lloyd AG; Hyundai Merchant Marine Co., Ltd.; Mediterranean Shipping Company; Orient Overseas Container Line Limited; Yangming Marine Transport Corp.; and Zim Integrated Shipping Services, Ltd.) – The amendment removes Hanjin Shipping Co. Ltd., as a party to the agreement.

ZIM/MOL Equipment Repositioning Agreement (Mitsui O.S.K. Lines, Ltd. and Zim Integrated Shipping Services Co., Ltd.) – The agreement authorizes ZIM and MOL to charter slots on each other’s vessels for the carriage of empty containers on an ad hoc basis in the trade between ports on the East, Gulf, and West coasts of the United States and ports in Europe, the Mediterranean, Canada, South America, and Asia.

Port of New York/New Jersey Equipment Optimization Discussion Agreement (Ocean Carrier Equipment Management Association Agreement (OCEMA) and the Port Authority of New York and New Jersey (Port Authority)) – The agreement would authorize the parties to collect and exchange information, discuss, and reach agreement on matters relating to cargo throughput, safety, intermodal equipment supply and efficiencies, congestion relief, port and terminal infrastructure, financing of improvements, and clean air or other environmental initiatives affecting operations in and around the Port of New York and New Jersey.

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