CMA CGM, Hamburg Süd Bolster Cooperation
- Business & Finance
Liner giants CMA CGM Group and Hamburg Süd have reached an agreement to further enhance their existing cooperation.
Since mid-January Hamburg Süd started taking slots between Asia and the Caribbean on CMA CGM’s PEX 2 service as well as on the Brazex service which provides it with a connection to Manaus from the Caribbean.
In addition, starting mid-May the lines plan to start a new pendulum service which will connect Asia, the Caribbean, the United States East Coast and North Europe, together with United Arab Shipping Company (UASC) for the transatlantic side.
The service is subject to the approval by the US Federal Maritime Commission (FMC).
According to the duo, this new service will be complementing the one connecting Asia with United States East Coast via Suez.
” This partnership reinforces the Group’s position in South and North America, reflecting our ambitions in this rapidly growing area and giving us the means to accelerate our development,” says Rodolphe Saadé, CMA CGM Vice Chairman.
As from July onwards, the lines said they were planning, together with further partners, to revamp the services between Asia and both East and West Coast of South America. Details on the new service configurations are being finalized.
In addition, the Agreement provides for exploration of other cooperation opportunities when they arise.