CMA CGM Enters Agreements with CSCL, UASC
The CMA CGM Group announced the signature of three major agreements on the biggest worldwide maritime trades with China Shipping Container Lines (CSCL) and United Arab Shipping Company (UASC).
Under the name of Ocean Three, the agreements; which include a combination of vessel sharings, slot exchanges and slot charters; concern the following maritime trades: Asia-Europe, Asia-Mediterranean, Transpacific and Asia-United States East Coast.
The agreements, pending authorization from the Federal Maritime Commission (FMC), will complete the CMA CGM offering on the biggest global maritime markets:
- On the Asia-Europe trade: four weekly services, which complete the two existing services, thereby offering six departures per week
- On the Asia-Mediterranean trade: four weekly services, two to the Mediterranean, one to the Adriatic and one to the Black Sea the only one on this market
- On the Transpacific: four weekly services to California and one service to the Pacific Northwest (United States and Canada)
- On the Asia-US East Coast trade: one service via the Suez Canal and one service dedicated to the Gulf of Mexico.
- The agreements on the Transatlantic trade are being finalized and will soon be announced.
This new offering will combine both speed and reliability. Rotations will be optimized with calls in all the biggest Asian, European and North American ports, using transshipment hubs common to the three partners.
The number of weekly calls proposed and the transit times will be among the best on the market, thereby responding to the expectations of our clients.
Rodolphe Saadé, CMA CGM Vice Chairman, said, “We are very pleased to have signed these three agreements with such reputable partners, whom we both know and appreciate. This will allow us to propose to our clients a high quality and reliable alternative to existing services on the market. CMA CGM will continue its global development.”