Friday, December 19, 2008

CMA CGM, Maersk join forces

TWO container shipping giants, CMA CGM and Maersk, will join services linking Asia and the US east and west coasts in May.

Leading France-based CMA CGM has 387 ships on more than 150 routes. It has 79 new vessels on order for delivery between 2008 and 2011.

Maersk, a division of the A.P. Moller - Maersk Group, has more than 470 container vessels with a capacity of over 1,800,000 TEUs (20-foot equivalent units).

The two companies will launch two joint shipping strings, namely the Colombus route and the Hudson loop.

The Colombus loop is a pendulum service with rotation of port in Shanghai, Hong Kong, Yantian, Singapore, Suez, New York, Norfolk, Tangier, Suez, Singapore, Hong Kong, Yantian, Shanghai, Pusan, Seattle, Vancouver, Yokohama and Shanghai.

The Hudson loop port rotation includes Ningbo, Shanghai, Qingdao, Pusan, Balboa, Panama, Savannah, New York, Miami, Panama, Balboa and Ningbo.

The new services are expected to improve the companies’ services via extensive port coverage.

These two strings will be operated with ships of 6,500 TEUs capacity via Suez and 5,100 TEUs via Panama.

According to a statement by CMA CGM group vice-president North America Lines, Jean Philippe Thenoz, this rationalisation of services would replace its existing capacity, allowing the company to strengthen port coverage.

Source: Star Online

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