TSA withdraws request for additional power

The TSA (Transpacific Statilization Agreement) had filed with the FMC (Federal Maritime Commission) for the right for it's members to get together and discuss reducing capacity.

Apparently, after some complaints to the FMC, the TSA decided it best to withdraw their petition.

This happened back in Feb. 09, but somehow I missed it.

TSA, a 14 - member carrier agreement with substantial market share in the Asia/US trades, had contemplated developing a coordinated capacity rationalization program under the proposed Amendment No. 43, in addition to its existing rate discussion authority.

On February 10, 2009, the Federal Maritime Commission ("Commission") received notice that the Transpacific Stabilization Agreement ("TSA") had decided to withdraw a proposed agreement amendment.