Japanese shipping giant MOL, having announced its departure from transpacific quasi-conferences, says it has also resigned from the European Liner Affairs Association (ELAA).
The carrier announced that it will quit the two mentioned transpacific freight conferences from November 27. "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," said Masakazu Yakushiji, Executive Vice President in charge of MOL's Liner division. Brussels-based ELAA Executive Director Chris Bourne considered it a sad leaving and adding that his group's membership had grown nonetheless and that MOL was an exception rather than the rule.
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