Five Carriers to Launch Vessel Agreement

Five Carriers to Launch Vessel Agreement

Five shipping lines are setting up a new vessel-sharing agreement that will start service in April between Asia and the East Coast of South America via South Africa.

The joint operation between CCNI (Compania Chilena de Navegacion Interoceanica), Hanjin Shipping, Hapag-Lloyd, Wan Hai Lines and Zim Integrated Shipping Services will serve South Korea, Central and South China, Singapore, South Africa, Brazil, Uruguay and Argentina.

The new weekly service will consist of eleven vessels of 4,200 20-foot equivalent units. Hanjin and Zim will deploy three vessels each, CCNI and Wan Hai two vessels each and Hapag-Lloyd one vessel plus slot purchases from the other lines.

Contact Peter T. Leach at pleach@joc.com.