Canada Maritime Agrees to Container Slot Sale

Friday, December 06, 2002
CP Ships Limited's division Canada Maritime, along with OOCL, its partner in the St Lawrence Coordinated Service (SLCS), has agreed to charter a fixed number of container slots to members of the CANEX consortium, Maersk Sealand, Mediterranean Shipping Company and P&O Nedlloyd, in the North America-Europe trade via Montreal. The two year agreement takes effect from January 2003. In addition, to improve operational efficiency, CANEX expects to move its existing service from its current Montreal marine terminal to CP Ships' Montreal Gateway Terminals. The move is expected during the first quarter 2003. Initially, slots will be taken on three SLCS 2800 teu ice-strengthened ships, Canmar Pride, Canmar Honour and OOCL Belgium which operate on Route 1 Montreal-Thamesport-Antwerp-Le Havre. In the second half of 2003 these ships will be replaced by three 4100 teu ice-strengthened containerships currently being built for the Montreal trade, two for Canada Maritime and one for OOCL. "The agreement will create greater operating efficiencies and has been facilitated by the planned expansion in capacity of our Canada Maritime services next year, and our five-year US$ 50 million investment program at Montreal Gateway Terminals completed last year, as well as the recent 20-year terminal lease renewal," commented CP Ships CEO, Ray Miles. "It is also further evidence of carriers' commitment to work closer together as operating partners to achieve a better balance between capacity and container trade growth in the highly competitive TransAtlantic market."
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Container Ships

Hapag-Lloyd Adds Halmstad to Rotation

As one of the top global carriers Hapag-Lloyd offers a comprehensive service network and will add port of Halmstad, Sweden to the Nordic Short Sea Network. As

China Shipping Orders Eight 13500 TEU Box Ships

China Shipping Container Lines has placed orders for eight 13,500 twenty-foot-equivalent container ships at Shanghai Jiangnan Changxing Shipbuilding, continuing

Shanghai 6th Best Shipping Center Globally

Shanghai has moved up the rankings of the world’s top shipping centers to sixth place, surpassing Dubai thanks to Free Trade Zone regulations and the Belt and Road Initiative,

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
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: 0.0963 sec (10 req/sec)