Maersk Line, MSC and HMM Enter Strategic Cooperation

Maersk Line, Mediterranean Shipping Company (MSC) and Hyundai Merchant Marine (HMM) have reached an agreement to enter into a new strategic cooperation.

The cooperation is a combination of slot exchanges and slot purchases between the three parties, as well as Maersk Line and MSC taking over a number of charters and operations of vessels currently chartered to HMM.

Although the cooperation is outside the scope of MSC and Maersk Line’s 2M vessel sharing agreement, it “will provide HMM access to the 2M network.”

Maersk Line said that the cooperation will provide new opportunities for the company.

The strategic cooperation will enable the company “to enhance our 2M network and presence in the important Transpacific trade,” Søren Toft, Chief Operating Officer, Maersk Line, said.

The agreement is scheduled to begin in April 2017 subject to regulatory approval.

The initial term of the cooperation is three years with option to extend and covers key East-West trades.

More information about network changes and schedules are expected to be disclosed in early 2017, according to Maersk Line.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2018 >>
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

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >

Defence Safety Conference Supported by The Defence Safety Authority, UK MoD

The Defence Safety Conference is the first of its kind exclusively dedicated to safety across the defence domain…

read more >