Maersk Line and Hamburg Süd enter slot purchase agreement on East–West trades

Tuesday, 7 February 2017 00:00 - - {{hitsCtrl.values.hits}}

Maersk Line and Hamburg Süd have announced a slot purchase agreement for Hamburg Süd’s volumes on the East–West trades to be shipped on vessels in the 2M network.

Due to changes in the global liner alliances, the agreement follows commercial negotiations in anticipation of the termination of Hamburg Süd’s current slot purchase arrangements on the East–West trades.

“Hamburg Süd is very satisfied about the agreement with Maersk. Our customers will benefit from extended port coverage, best transit times, and an increased number of loops in the East–West trades,” explains Frank Smet, Member of the Executive Board of Hamburg Süd.

Søren Toft, Chief Operating Officer, Maersk Line: “We are pleased with this agreement. Accommodating these additional volumes enables improved utilisation in our fleet and in turn provides opportunities to enhance our customer offering on select trades in our East–West network.”

In detail, Hamburg Süd will be able to offer its customers the following product portfolio and service frequencies:

nAsia – North Europe: 5 sailings per week

nAsia – Western Mediterranean: 2 sailings per week

nAsia – US West Coast: 4 sailings per week

nAsia – US East Coast: 3 sailings per week

nTransatlantic: 2 sailings per week

Additional details, including port rotations, transit times, and terminal details, will be made available in due course. The agreement is scheduled to begin 1 April (subject to maritime filing requirements being satisfied).