ZIM, Maersk Line and MSC enter a strategic operational cooperation on the Asia-US East Coast trade
The deal will become effective in September of 2018. 2M plans to contribute four of its current five loops between Asia and U.S. East Coast, while ZIM plans to contribute one of its two current loops to operate between Asia and USEC. Starting early September, the parties will operate together five loops between Asia and the US East Coast. ZIM will operate one loop and 2M will operate four loops, and the parties will swap slots on all loops.
According to Splash 24/7, “Eli Glickman, president and CEO of ZIM said,
“It is a vote of confidence by the two largest players in the industry, acknowledging ZIM’s capabilities, reliability and strength. Furthermore, it will enable ZIM to achieve operational efficiencies and ensure our ability to maintain a leading position on the trade.”