Maersk Line Enters New Vessel Sharing Agreement with MSC and MOL

Maersk Line introduced as we speak it has entered into Vessel Sharing Agreement (VSA) with Mediterranean Shipping Company (MSC) and Mitsui O.S.Okay Lines (MOL) on the Asia to East Coast of South America commerce.

22 vessels will serve two loops between the areas. MSC and Maersk Line will every function six, 9,000 TEU vessels on Loop 1 and MOL will function ten vessels of 5,500 TEUs on Loop 2.

Asia to the East Coast of South America is a key route for the transport of electronics and vehicle components, says Maersk Line. The route additionally facilitates protein exports from the East Coast of South America to Asia.

The new VSA is predicted to start out with the primary vessel departure from the Far East throughout the first week of July. It will change all present VSAs in place on this route, which can expire on the finish of June.

Since July 2014, MSC and Maersk Line have been working collectively through a 10-year, 185-ship vessel sharing settlement with an estimated capability of two.1 million TEU, deployed on 21 strings.