Ocean Network Express and Hapag-Lloyd have concluded a Bilateral Strategic Feeder Network Cooperation Agreement, which has already started on the first trades.
The collaboration, which aims to provide the market with a superior feeder network, would see the parties share space on their feeder services.
Ocean Network Express and Hapag-Lloyd have 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 enhance their existing feeder network. The cooperation will cover specific Intra-Europe (BAX, NBS, NPX, REX, SDX, ADX, LEX) and Intra-Asia (BHX, HAS, PID) feeder trade lanes.
The duo informed that the collaboration is to be “further expanded into other key areas in due course.”
“This new cooperation is another strong footnote to the existing bilateral partnership…Looking ahead, we are confident that the scope of this cooperation will be further broadened,” Jeremy Nixon, Chief Executive Officer of Ocean Network Express, said.
Ocean Network Express and Hapag-Lloyd operate together within THE Alliance and cooperate on their Latin America, Africa and Indian Subcontinent trades.