CMA CGM and Hamburg Sud Agree to Share Quartet
Liner giants to share four vessels on weekly service calling at ports between California and Colombia.
According to MANA, Liner giants CMA CGM and Hamburg Sud have struck a deal to share vessels on a service on the west coast of North and South America.
Germany's Hamburg Sud will provide three of the 1,800-teu vessels for the service, while its French rival will contribute one ship. Each boxship will have at least 450 reefer plugs.
The deal gives Hamburg Sud 1,010 teu of that capacity on each vessel, while CMA CGM will get 337 teu.
Can get bigger
The terms of the agreement allow the liner operators to expand the weekly service to as many as six vessels of up to 2,500 teu.
The arrangement, which was signed by Hamburg Sud board member Frank Smet and head of network Philipp Arning, is scheduled to last at least 12 months.