European shipping majors MSC and Hapag-Lloyd have joined forces with their Asian counterparts HMM and Ocean Network Express (ONE) in a new vessel sharing agreement on Asia to West coast of South America services.
The newly reorganized joint services will connect Korea, China, Japan, Taiwan with the West coast of Mexico, Peru, Chile, Columbia through three loops starting at the beginning of April. “HMM will provide reliable ‘Asia-west coast of South America’ services with competitive transit time and on-time performance,” an HMM official said.
“Based on this joint services, HMM expects to consolidate its position in the Far Asia – west coast of South America market with high growth potential, and HMM will do its utmost to optimize profitability through the services.”
“The new service offerings will enhance our coverage and provide fast transit times between the major ports in Asia and the West Coast ports of Mexico, Central America and South America, ” Hapag-Lloyd said in a release.
The first sailing dates, as well as the port terminals to be called, are yet to be determined.
The port rotation, which is still subject to change, will be as follows: