North Atlantic Shake-Down?

Eller, David
October 1999
Logistics & Transport Focus;Oct99, Vol. 1 Issue 4, p28
Trade Publication
The Trans-Atlantic Conference Agreement has reestablished its role in the North Atlantic trade between Europe and the ports of the U.S. East Coast in line with the development and implementation of shipping legislation designed to maintain transatlantic stability. It is observed that freight rates are declining while container slot capacity continues to increase. The revision of the U.S. shipping legislation in the form of the Ocean Shipping Reform Act of 1998 governs transatlantic trade and liner trades serving U.S. ports. The related European Union competition law is predicted to provide benefits for shipping companies leading to more stable shipping rates. It is concluded that legislative processes affecting transatlantic trade may provide a more positive outlook for the industry.


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