Home / Shipping / Aviation/ Zim to cooperate with Maersk, MSC on Asia-US trade

Zim to cooperate with Maersk, MSC on Asia-US trade


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 25 July 2018 00:00


Tel Aviv (Reuters): Israel’s Zim Integrated Shipping Services said on 19 July, it will cooperate with Maersk Line and Mediterranean Shipping Co (MSC) on the Asia-US East Coast trade, providing a boost to Zim’s Pacific services.

Starting in September, the companies will operate together five loops between Asia and the US East Coast. Zim will operate one loop and the other four will be operated by Maersk and MSC, which are the members of the 2M Alliance.

“The new cooperation offers Zim’s customers a more comprehensive product portfolio, with a wider range of direct calls in Asia and the US and faster transit time,” the company said in a statement. “In addition, it is expected to generate cost efficiencies for Zim.”

The term of the strategic cooperation, which is subject to regulatory approval, is seven years. The parties expect to disclose more information about network changes and schedules on the trade as soon as possible.

Zim, which operates about 80 container vessels, is 32% owned by Kenon Holdings.


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Greening China and BRI: Chinese legal framework for sustainable environment protection

Tuesday, 20 November 2018

The concept and scope of greening the belt and road The Greening BRI is to add the ‘greening’ notion along with the ‘BRI’. Building a ‘Greening BRI’ means adhering to the concept of green development, balanced development, harmony betwee


Political evil paralysing Parliament

Tuesday, 20 November 2018

Our politics has arrived at a point when we must insist on recognising the niceties of human nastiness. Organised horror in Parliament is either trivialised or ignored by most of mainstream media print and electronic.


10 theses on Sri Lanka’s existential crisis: Roots, dynamics, dimensions

Tuesday, 20 November 2018

1.The crisis has deep national, social and psychological roots. Our island contains two consciousnesses or two types of consciousness, two competing states of mind. Contrary to myth, the periphery of our island has the longest uninterrupted colonial


Make toilets and safe sanitation services accessible to all

Tuesday, 20 November 2018

All people everywhere should have access to safe sanitation services, including hygienic toilets that are connected to quality sewage systems. For many people across the WHO South-East Asia Region, as across the world, access to these services never


Columnists More