French shipping line, CMA CGM, is rejoining the Transpacific Stabilisation Agreement (TSA) from March 8, after a year's absence.

"We welcome this decision by CMA-CGM and look forward to their participation as we head into a new round of service contracting in 2007," said Agreement chairman Ron Widdows, who is also president and chief executive of APL.

CMA CGM is the world's third largest container shipping line after Maersk and MSC.

TSA members are: APL, Hyundai Merchant Marine, "K" Line, Cosco Container Lines, MOL, Evergreen Marine Corp., NYK Line, Hanjin Shipping, OOCL, Hapag Lloyd and Yang Ming Marine.