The agreement follows commercial negotiations in anticipation of the termination of Hamburg Süd’s current slot purchase arrangements on the East-West trades.
Maersk Line and Hamburg Süd are announcing a slot purchase agreement for Hamburg Süd’s volumes on the East-West trades to be shipped on vessels in the 2M network. Due to changes in the global liner alliances, the agreement follows commercial negotiations in anticipation of the termination of Hamburg Süd’s current slot purchase arrangements on the East-West trades.
“We are pleased with this agreement. Accommodating these additional volumes enables improved utilisation in our fleet and in turn provides opportunities to enhance our customer offering on select trades in our East-West network”, says Søren Toft, Chief Operating Officer, Maersk Line.
“Hamburg Süd is very satisfied about the agreement with Maersk. Our customers will benefit from extended port coverage, best transit times, and an increased number of loops in the East–West trades,” explains Frank Smet, Member of the Executive Board of Hamburg Süd.
The agreement is scheduled to begin 1 April. It covers the Asia-North Europe, Asia-Mediterranean, Trans Atlantic and Trans Pacific trades.
The parties will disclose information about network changes and schedules in the coming week.
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Source: Maersk Line