UASC and Hamburg Süd sign slot exchange agreement

UASC and Hamburg Süd sign slot exchange agreement
UASC and Hamburg Süd have signed a global cooperation agreement

Two of the world’s leading container shipping lines, United Arab Shipping Company (UASC) and Hamburg Süd, have signed a global cooperation agreement, which will commence this December.

To begin with, the carriers will coordinate slot exchanges in their respective core trades – Hamburg Süd will enter the Asia-North Europe and Asia-US trades in December 2014 and January 2015 respectively.

Meanwhile UASC will enter the Europe-South America East Coast and Asia-South America East Coast trades effective from mid-2015.

The lines state that vessel deployment opportunities will be explored in due course while further geographical scope for cooperation is currently under discussion.

Jørn Hinge, president and chief executive officer of UASC, said: “This cooperation with Hamburg Süd enables access to the South America trades and illustrates our ambitious approach to enhance geographic coverage.

“Through partnerships with leading operators such as Hamburg Süd, and investment in some of the largest and most eco-efficient container vessels ever built, UASC ensures that customer service remains at the very heart of our operations.”

Dr. Ottmar Gast, chairman of the executive board of Hamburg Süd, said: “This cooperation will enable Hamburg Süd and UASC to complement each other’s core services and networks, offering both lines’ customers a more comprehensive global reach and reliable services without incremental investment in new tonnage.

“Hamburg Süd and UASC customers will benefit from the companies’ deployments featuring highly efficient and environmentally-friendly vessels.”

Both companies also announced that they intend to explore other areas of collaboration in the future.

Earlier this month, UASC formed a trading pact called the Ocean Three along with CMA CGM and China Shipping Container Lines (CSCL), covering a combination of Vessel Sharing Agreements, Slot Exchange Agreements and Slot Charter Agreements on global maritime routes.