MOL to Quit TSA.(Mitsui O.S.K. Lines Ltd.)(Transpacific Stabilization Agreement)(Brief article)

Japanese container line MOL will resign from the Transpacific Stabilization Agreement and the Canada Transpacific Stabilization Agreement Nov. 27.

The company said it is leaving the two discussion agreements because the end of the conference system on trade routes with Europe last month is creating a conflict in the way it does business in the two hemispheres.

"With the European Union''s abolition of liner antitrust immunity, it has become extremely difficult to align the business processes of our entire organization when its regional divisions must operate to differing standards," Masakazu Yakushiji, executive vice president of MOL''s liner division, said …