We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » Zim, Maersk, MSC sign co-operation pact on Asia-U.S. East Coast trades
transportation

Zim, Maersk, MSC sign co-operation pact on Asia-U.S. East Coast trades

July 19, 2018
DC Velocity Staff
No Comments

Israeli liner company Zim Integrated Shipping Services, Danish carrier Maersk Line and Swiss liner company Mediterranean Shipping Co. (MSC) said today they will co-operate on sailings in the Asia-U.S. East Coast trades, another effort on the part of the world's container lines to boost efficiencies and profits through alliance relationships.

Under the seven-year agreement expected to start in early September, Maersk and MSC, which together comprise the 2M Alliance, will operate five weekly services between Asia and the U.S. Zim will operate one of the weekly services, and the 2M Alliance will operate the other four. The carriers said they will swap vessel slots on all services. By capacity, Maersk and MSC are the two largest carriers in the world.

"The agreement is a vote of confidence by the two largest players in the industry, acknowledging Zim's capabilities, reliability and strength," Eli Glickman, president and CEO of Haifa-based Zim, said in a statement. Zim's network is strongest in the Asian trades, and Glickman said the partnership will strengthen its capabilities there.

Today's announcement is another step in the carriers' strategies to forge alliances to reconcile capacity and reduce costs. Liner companies have struggled mightily in recent years with overcapacity, which has led to financially destructive rate wars. Alliances, combined with several mergers, have reduced to 21 from 30 the number of liner companies that control the bulk of global container traffic.

Transportation Maritime & Ocean
KEYWORDS Maersk Line Mediterranean Shipping Co. Zim American Shipping Services
  • Related Articles

    Maersk, MSC launch 10-year vessel sharing pact

    Asia-U.S. East Coast Service 3

    Maersk to add TEU capacity on eastbound trans-Pacific liner trades

Recent Articles by DC Velocity Staff

Logistics gives back: February 2023

Intermodal sector weathered a “challenging” year in 2022, IANA says

Nocturnal robots stock store shelves

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Schneider welcomes first battery-electric truck

  • Fred Smith is not worried about Amazon

  • RJW LOGISTICS GROUP EXPANDS RETAIL LOGISTICS OPERATION TO DALLAS

  • Outlook 2023: What’s in store for logistics/supply chain?

  • Maersk deploys indoor drones for warehouse inventory counts

Now Playing on DCV-TV

5afe63a5 7125 4318 b851 1e5738df1c91

Patterson Fan Co. | HVLS V-Series Ceiling Fan | Staging Area Air Movement

DCV-TV 4: Viewer Contributed
The Patterson V-Series is a high-volume, low-speed industrial ceiling fan that is designed to circulate a lot of air at a very low speed. These fans, ranging in diameters of 8’ all the way to 24’, are perfect for large, open spaces such as staging and shipping areas. One 24’ fan can generate a cooling effect of 6 –...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing