and Hapag-Lloyd announced that in February 2006 they plan to launch a
new Australasian joint service linking Australia, New Zealand, South East
Asia, the Mediterranean and North Europe via the Suez Canal.
It will have weekly frequency and be supported by twelve 2000-2500 teu
CP Ships and Hapag-Lloyd are discussing with other interested parties
possible participation in the new service and are also in the process of
finalizing plans for a new service linking Australasia with the US and Europe
via the Panama Canal.
The new Suez service
together with the Panama service will replace the
round-the-world services known as Westabout and Eastabout which are being
discontinued in February 2006 because the vessel sharing agreement that
supports these services is expiring.