Friday, October 12, 2018

Another Container Shipping Cooperation Agreement as Feeder Services Link Up

Bilateral Commitment to Share Space on Maritime Routes Extended
Shipping News Feature
WORLDWIDE – Container shipping lines Hapag-Lloyd and the Ocean Network Express (ONE) have concluded a Bilateral Strategic Feeder Network Cooperation Agreement, which has already started on the first trade. The collaboration is looking to combine the strengths and competitive advantages of both companies and aims to provide the market with a superior feeder network.

Under this strategic cooperation, both companies will share space on their feeder services. Hapag-Lloyd and Ocean Network Express have also already ushered in a new Intra-Asia service, the Bohai Feeder (BHX) in August, and will further introduce a new Intra-Europe service, the North Sea Poland Express (NPX), in mid-October to further enhance its existing feeder network.

As an initial step, the cooperation will cover specific Intra-Europe (BAX, NBS, NPX, REX, SDX, ADX, LEX) and Intra-Asia (BHX, HAS, PID) feeder trade lanes. The collaboration has already started in the Intra-Asia trade from August and will commence in the Intra-Europe trade in October. The collaboration will be further expanded into other key areas in due course. Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd, said:

“This new cooperation strengthens Hapag-Lloyd’s and Ocean Network Express’s footprints in Europe as well as expands both companies’ service portfolios in Asia. With this new cooperation we are able to offer our customers worldwide a far better and consistent feeder network.”

Hapag-Lloyd and Ocean Network Express also already operate together within the THE Alliance and cooperate on their Latin America, Africa and Indian Subcontinent trades.