Agreement Brings CP Ships Into Europe/Asia Trade

Tuesday, January 30, 2001
CP Ships has signed a slot charter agreement with CMA CGM that will enable it to enter the trade between Europe and Asia. The two-year agreement starts in March and by the end of the year the slot charter will reach 1,500 TEU per week in each direction. It will cover CMA CGM's three fixed-day weekly services, French Asia Line, North China Express and Mediterranean Express. Ray Miles, CEO of CP Ships said, "We have been seeking a cost-effective entry into the Europe-Asia trade. In CMA CGM, we have a strong partner with a fine reputation and a well-run service. This co-operation offers an excellent opportunity to build our presence." Jacques Saadé, Chairman of Holding CMA-CGM said, "Over the last few years, we have developed a strong strategic partnership with CP Ships. We already work together in several trades including three services between India Pakistan and Europe, U.S. and SE Asia and our Tour de Monde joint service and look forward to this new opportunity to co-operate further." CP Ships intends to use both the Contship Container lines and Lykes Lines organizations to market the service.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Young Taken on PESA Advisory Board

Hoover Container Solutions’ chairman and CEO, Donald Young, has been nominated and elected to the Petroleum Equipment & Services Association (PESA) Advisory Board for a three-year term.

US Navy Tests Latest Aegis Weapon System

The U.S. Navy conducted a series of cooperative air defense test exercises with the Spanish navy that culminated in live missile firing events using the latest Aegis Weapon System baseline July 20-21.

Antwerp Port CEO Scoops Baron Title

After 25 years as CEO of Antwerp Port Authority, Eddy Bruyninckx has been raised to the nobility by H.M. the king of Belgium with the rank of baron. In Belgium

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0856 sec (12 req/sec)