MISC Withdraws from Far East Services

Maritime Activity Reports, Inc.

May 26, 2009

The shipping line MISC Berhad (Kuala Lumpur, Malaysia) has informed the partners in the Grand Alliance that it will withdraw from services between Europe (incl. Mediterranean) and the Far East with effect from January 1st 2010. MISC does not operate with the Grand Alliance on the Transpacific or Transatlantic trades.

The withdrawal of MISC will not affect sailing frequencies, transit times or service structures.

The fleet deployed by the Grand Alliance comprises about 140 vessels with capacities of between 2.900 and 9.000 TEU. MISC has so far provided seven units of these. “We will be replacing these ships in the context of our normal cascading,” stated the Grand Alliance.

(www.hapag-lloyd.com)

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