Company News

APL resigned as a member of the Trans-Pacific Westbound Rate Agreement (TWRA). The resignation reflects the company’s intention to remain a leader in the Pacific markets as the industry readies for deregulation which will take effect on May 1, 1999, with the recent passage of the Ocean Shipping Reform Act.

APL commended the U.S. Congress for concluding the debate and policy review surrounding deregulation of the ocean transportation industry. They welcome the continued strong role of the Federal Maritime Commission in developing new regulations to accommodate this landmark legislation and look forward to working with the FMC and other parties to develop effective, simple procedures that will allow their customers to take full advantage of the new law.

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