Container Giant CMA CGM Signs Three Major Trade Agreements

11th September 2014

#ContainerAgreement– CMA CGM, the world's third largest shipping container operator, has announced the signature of three major agreements with China Shipping Container Lines (CSCL) and United Arab Shipping Company (UASC).

Under the name of 'Ocean Three,' they concern the Asia-Europe, Asia-Mediterranean, Transpacific and Asia-United States East Coast maritime trades.

The agreements (a combination of Vessel Sharing Agreements, Slot Exchange Agreements and Slot Charter Agreements) will complete the CMA CGM offering on the biggest global maritime markets, the French ocean shipping group said in a statement.

On the Asia-Europe trade, four weekly services will be offered , joining the two existing services, making a total of six departures per week

For more on this story, LloydsLoadingList.com has a report.

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Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals.

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