According to a statement from the two companies, the agreement, signed by Diego Aponte, vice president of MSC and son of the founder, and Rodolphe Saadé, executive officer of CMA CGM Group and son of the Chairman, forms a broad-based operating partnership spanning several trades, including Asia-Northern Europe, Asia-Southern Africa and all of the South American markets.
“The agreement, which is designed to improve the two partners’ respective
performance, will help to drive extensive operating synergies and enhance quality of
service for all of their customers,” the statement said.
On a certain number of trades, the partnership will also enable the two groups to deploy
the best ships in each of their fleets, while increasing the number of ports of call and
frequency of sailings.
“We are very happy to have signed this broad-based partnership, which will unite our two family-owned companies in the years ahead. The agreement offers us new opportunities to optimise the use of our respective fleets, improve our transit times and increase our performance,” said Aponte.
For CMA CGM, Saadé said, “For more than 30 years, our two companies have followed the same trajectory and for a number of years we’ve cooperated on a few lines. Based on this experience and our shared vision of the shipping industry, we have decided to step up our partnerships, which reflect a commitment to long-term cooperation and will enable us to offer customers improved solutions and services”.