Pacific reduction for new VSA on Asia-Latin America

Italian-owned MSC, Partner in the 2M alliance, has entered into a major Vessel Sharing Agreement for Asia-Latin America with a number of container carriers from the other major alliances. The parties will remove a whole string on the Pacific.

Mediterranean Shipping Company, MSC, has entered into a major Vessel Sharing Agreement (VSA) on the service between Asia and Latin America where the carrier was already at the head of the game.

MSC, which is a partner in the 2M alliance along with Maersk Line on Asia-Europe, has opted to work with other carriers on the Pacific route, including Hapag-Lloyd, Hamburg Süd, CMA CGM, China Shipping and Hyundai. The six carriers have also decided to cut their total service by four strings down to three in order to reduce capacity on the pacific.

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