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.