Thursday, February 5, 2015

Two Freight Container Shipping Giants Announce Further Cooperation

With Alliances the Fashion, Extension of Agreement Seems Natural Development
Shipping News Feature

FRANCE – GERMANY – WORLDWIDE – Two of the world’s leading container shipping lines have agreed to further enhance their existing cooperation. The CMA CGM Group and Hamburg Süd have announced various new initiatives which they say are in the final stages of preparation to add to the pair’s existing joint freight services between North Europe and both East- and West coasts of South America. The completed new rota and future proposals are as follows:

Since mid-January, Hamburg Süd has taken slots between Asia and the Caribbean on CMA CGM’s PEX 2 service as well as on the Brazex service which provides it with a connection to Manaus from the Caribbean. Starting mid-May, and subject to prior Federal Maritime Commission (FMC) approval, the lines will start a new pendulum service which will connect Asia, the Caribbean, the United States East Coast (USEC) and North Europe, together with United Arab Shipping Company (UASC) for the transatlantic side. Detailed information will be made available soon. This new service will be complementing the one connecting Asia with USEC via Suez.

As from July onwards, the lines will, together with further partners, revamp the services between Asia and both East and West Coast of South America. Details on the new service configurations are being finalised and will be available shortly.

The two lines say the enhanced cooperation allows them to provide the market with cost efficient, innovative new products which they insist will be best in class as far as scope, frequency and fast transit times are concerned. In addition the pair have agreed to explore other cooperative opportunities when they arise. Rodolphe Saadé, CMA CGM Vice Chairman commented:

“CMA CGM has signed a major new agreement with a valuable partner. This partnership reinforces the Group’s position in South and North America, reflecting our ambitions in this rapidly growing area and giving us the means to accelerate our development.”

Ottmar Gast, Chairman of the Executive Board of Hamburg Süd said:

“We value the partnership with CMA CGM and are excited about the new products which we are jointly offering to the market.”