Leaderboard
Leaderboard

North Atlantic trade vessel sharing agreement between UASC, CMA CGM and Hamburg Süd

North Atlantic trade vessel sharing agreement between UASC, CMA CGM and Hamburg Süd
UASC has entered into its third collaborative agreement in recent months

Dubai-based container shipping line, United Arab Shipping Company (UASC), is to enter the North Atlantic trade via a vessel sharing agreement (VSA) with CMA CGM and Hamburg Süd.

The three partner companies will operate a service on the Transatlantic North trade, linking Northern Europe with the United States East Coast.

The service, which will start in the third week of May, will call at the ports of Antwerp, Rotterdam, Bremerhaven, Le Havre, Southampton, New York, Norfolk, Charleston and Savannah and vice-versa, carrying around 3,300 teu weekly.

Jørn Hinge, UASC’s President and CEO, stated that the collaboration would enable the shipping line to offer their customers the “lowest possible unit costs, whilst growing in a responsible fashion and without adding unnecessary capacity”.

The announcement follows the launch of the Ocean Three alliance between UASC, CMA CGM and China Shipping Container Lines (CSCL), which began in January.

Another general cooperation agreement between UASC and Hamburg Süd is to commence in April with the Arab company entering the South American trades and the German shipping line moving into the East-West trade.