Maersk Line agrees with two other lines to share vessels

Maersk Line has formed a vessel sharing agreement with Swiss carrier Mediterranean Shipping Company and French-based CMA-CMG.  The agreement will begin in April and will include routes from Asia to North America. 

Vincent Clerc, Maersk Line vice president, stated “Rates have not supported our cost to serve on different products in the Pacific.  We felt that a partnership of this sort would not only enable us to address our cost structure, but also to provide a dynamic enhanced product for our customers, without adding any capacity on the market.” 

This is not a new type of agreement for Maersk.  In April they formed an agreement with Taiwanese peer Evergreen Marine Corp for Asia Europe lanes.