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Posted by David Sexton
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10 January, 2019
MAERSK and Mediterranean Shipping Company (the ‘2M Alliance’) and Israeli line ZIM have announced an agreement to extend their strategic cooperation.
The agreement is to cover select 2M services on the Asia - US West Coast and Asia - Mediterranean trade lanes.
Between Asia and the US West Coast, the TP9 service is to be operated as a vessel sharing arrangement string where ZIM is to operate four vessels and 2M is to operate three vessels.
Part of the ZIM slots on the TP9 are to be swapped for access to slots on the 2M operated TP8 service.
“Having successfully implemented our strategic cooperation, we are very pleased to expand the partnership with ZIM into additional geographies,” said A.P. Moller - Maersk chief operating officer Søren Toft.
This agreement is expected to deliver benefits for all parties, with Maersk getting operational efficiencies enabling to deliver competitive and reliable products for customers in the world’s most comprehensive East-West network.
In a statement from Mediterranean Shipping Company, the liner said the rotations would remain the same as per the announcement of new 2M East-West Network published in December 2018.
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