Maersk Line, Hamburg Süd Enter East-West Slot Purchase Deal

Image Courtesy Hamburg Süd

Danish shipping giant Maersk Line and German container shipping line Hamburg Süd have reached a slot purchase agreement for Hamburg Süd’s volumes on the East-West trades to be shipped on vessels in the 2M network.

Due to changes in the global liner alliances, the agreement follows commercial negotiations in anticipation of the termination of Hamburg Süd’s current slot purchase arrangements on the East-West trades.

The agreement is scheduled to begin on April 1, subject to maritime filing requirements being satisfied.

It covers the Asia-North Europe, Asia-Mediterranean, Trans Atlantic and Trans Pacific trades. Maersk Line and Hamburg Süd are party to a number of such operational agreements worldwide. The parties said that the agreement is not related to Maersk Line’s acquisition of Hamburg Süd.

“Accommodating these additional volumes enables improved utilisation in our fleet and in turn provides opportunities to enhance our customer offering on select trades in our East-West network,” Søren Toft, Chief Operating Officer, Maersk Line, said.

The parties added that they will disclose information about network changes and schedules in the coming week.

In early December 2016, Maersk Line and the Oetker Group reached an agreement for Maersk Line to acquire Hamburg Süd.

Subject to final agreement and regulatory approvals, the transaction is expected to close by the end of 2017, Maersk Line informed.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Europort 2017

The 38th edition of Europort will take place from 7-10 November 2017 in Rotterdam Ahoy. Established as one of the world’s leading maritime…

read more >

Mozambique Gas Summit & Exhibition

Mozambique Gas Summit & Exhibition is recognised as the leading strategic meeting for Mozambique’s gas industry. Working in partnership…

read more >

Mérida, Mexico Targets $7 Million Boost by Hosting the FCCA Cruise Conference & Trade Show

The ​FCCA ​Conference ​is ​a four-day ​event ​designed ​to ​foster ​a ​better ​understanding ​of ​the ​inner ​workings ​of ​the ​cruise…

read more >

Bulk Liquid Storage Europe 2017

The event will cover current key challenges and issues faced by the industry and provide in depth discussions and analysis of today`s…

read more >