Italian
carrier Lloyd Triestino di Navigazione SpA and the French line CMA CGM have agreed on a joint cooperative agreement in the transpacific trade.
This agreement, which is still subject to approval by the relevant governmental authorities, will consist of an exchange of slots between the TPX service of CMA CGM and the CPN/CPS loops of the China-West Coast North America service of LT. It will also enable both carriers to upgrade services for customers without adding to the capacity already offered on transpacific trades.
Approvals are expected within early May after which each carrier will take 200 TEU on each other's service each week both eastbound and westbound.