Singapore: APL, Maersk Line and OOCL have announced a new cooperation on three existing Far East to Indian Subcontinent services, starting in February 2014.
In a slot sharing agreement that also includes partners CMA CGM, Emirates Shipping Line, Hamburg Süd and Regional Container Lines, 18 vessels with a total capacity of about 17,500 teu will be deployed on the three Far East-Indian Subcontinent services in a significant shake-up and consolidation on this tradelane.
The enhanced network will enable the carriers to offer three weekly sailings – covering China, Korea, Malaysia, Singapore, India, Pakistan and Sri Lanka – compared to one weekly sailing currently offered independently by each liner.
“Our multi-carrier cooperation will provide more frequent sailings between Asia’s major trading hubs, and at the same time eliminate unnecessary service duplications,” the partner carriers said in a joint statement. “With improved operational efficiency and a more comprehensive service structure, the enhanced Far East-Indian Subcontinent services will offer shippers flexible and competitive options best catered to their needs.” [14/01/14]