Israeli container liner Zim and the large carrier MSC have sealed a new operational deal.
The container liner Zim is now expanding its decade-long partnership with MSC on several trades to steer the course toward greater cost efficiencies.
The agreement includes services connecting the Indian subcontinent with the East Mediterranean, the East Mediterranean with Northern Europe, and services connecting East Asia with Oceania.
The agreements between ZIM and MSC includes vessel sharing, slot purchases, and swap arrangements.
The top management of ZIM explains that this decade-long partnership with MSC spanned across multiple trades over the years, and now encompass, among others, Asia, the Pacific Northwest, Oceania, India, East-Med, Northern Europe, and more.
Eli Glickman, president and chief executive of ZIM said: “Capitalizing on this opportunity with MSC will improve efficiencies in our fleet and is consistent with our focus on taking proactive steps amidst continued near-term headwinds in the container shipping market. We expect that this strategic cooperation will benefit ZIM both operationally and financially, and it is another testament to our agility. We will continue to seek opportunities to leverage our strengths and capabilities to create long-term value for our customers and investors alike.”
The service restructuring offers seamless connections to other ZIM services operating in Asia and the Mediterranean, in accordance with ZIM, which believes that this mutual arrangement is beneficial as delivers cost efficiencies.
