Mediterranean Shipping Company (MSC) has joined forces with the French shipping giant CMA CGM in backing French start-up container fleet monitoring company TRAXENS.
The agreement sees CMA CGM and MSC invest capital in TRAXENS, with each group also represented on the Board of Directors.
The deployment of the TRAXENS devices across the fleets of both carriers will be announced in fourth quarter of this year.
With a combined fleet of 4.5 million units these two world leaders transport approximately 25% of the world’s shipping containers.
“We see container monitoring as an important innovation in providing our customers with a high quality of service, while also being able to monitor our outputs accurately. We believe that shipping lines should naturally compete on service, but should co-operate in the area of technology and innovation,” Diego Aponte, President and CEO of MSC, said.