Maersk Line to rejoin TSA

The need to balance capacity and regain profits were cited by Maersk Line yesterday as it announced it would apply to rejoin the Transpacific Stabilization Agreement (TSA). Lars Mikael Jensen, VP for Pacific trade, network and product, claimed the decision to return to the TSA after a five-year absence was down to the extraordinary losses posted by lines, including Maersk, over the last year.