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Would keep half of surplus slots open and would suspend program within three years. FMC seeks shipper reactions.
The Transpacific Stabilization Agreement wants to restore a modified version of the capacity set-aside program that the carrier group had from 1989 to 1995.
If the Federal Maritime Commission approves, the capacity set-aside could come as early as Nov. 23, though Jan. 1 is a target date, said Robert A. Peavy, the Washington lawyer who is the group's administrator.
The idea behind the capacity set-aside is to limit the supply of ship capacity that carriers have to offer, and therefore encourage higher rates.
Weak transpacific rates were a hot topic at the recent New York meeting of the Box Club, comprising top executives of the world's major containership operators.
Transpacific carriers have not discussed how much space they …