Maersk Line, MSC and HMM enter strategic cooperation

The cooperation is a combination of slot exchanges and purchases between the three parties. Maersk Line and MSC will also take over a number of charters and operations of vessels.

Dear Customer.
 
We are pleased to inform you that Maersk Line, Mediterranean Shipping Company (MSC) and Hyundai Merchant Marine (HMM) has announced a new cooperation.
 
The cooperation is outside the scope of MSC and Maersk Line’s 2M vessel sharing agreement on the East-West Network; however, it will provide HMM access to parts of the East-West network. There will be no vessel operations by HMM on existing and future 2M strings.
 
Your will get access to an improved Pacific product
 
For Maersk Line’s customers, the cooperation will provide new, exciting opportunities, particularly in the Pacific trade where you will get access to strong HMM products.
 
HMM will purchase slots on the 2M network from Asia to North Europe, Asia to Mediterranean and Asia to the US East Coast. On HMM services from Asia to the US West Coast, HMM will continue to operate on their own.
 
2M cargo will however only be loaded onto HMM vessels with customers' express agreement – and only on the HMM operated service that is part of the Asia to US West Coast slot swap agreement. These HMM services are not part of the 2M network today.
 
Subject to regulatory approval
 
The agreement is scheduled to begin in April 2017 subject to regulatory approval. The agreement has a duration of 3 years.
 
We are committed to keeping you updated and will provide you with information as it becomes available. As always, we appreciate your business and will continue to serve you with the scale, stability and expertise you need to realise your ambitions.
 
Sincerely
Maersk Line