According to Freight Forwarding Network, global container liner shipping company ZIM Integrated Shipping Services Limited (NYSE: ZIM) today announced a new operational cooperation agreement with MSC, the industry's largest shipping company, covering a number of industries. The agreement is designed to significantly improve operational efficiency and further enhance our valued customer service.
The scope of cooperation includes services linking the Indian subcontinent to the Eastern Mediterranean, Eastern Mediterranean to Northern Europe, and East Asia to Oceania. The agreement between 1ZIM and MSC includes ship sharing, slot purchase and exchange arrangements.
Eli Glickman, President and CEO of ZIM, said: "This important operational collaboration with trusted partner and industry leader MSC marks a mutually beneficial arrangement that provides cost efficiencies for both operators while upholding the highest standards of service and reliability for our customers. Over the years, our decade-long partnership with MSC has spanned multiple industries and now covers Asia, the Pacific Northwest, Oceania, India, the Eastern Mediterranean, Northern Europe and more. Our agile strategy allows us to adapt quickly again to changing market dynamics, ensuring that we continue to best meet our customers' needs with our signature personalized service, supported by cutting-edge digital tools. "
Mr Glickman added: "Taking advantage of this opportunity at the MSC will improve the efficiency of our fleet and is in line with our focus to take proactive measures amid the continued recent headwinds in the container shipping market. We expect this strategic partnership to benefit ZIM both operationally and financially, and it is another testament to our agility. We will continue to look for opportunities to leverage our strengths and capabilities to create long-term value for our customers and investors. "
The operational cooperation agreement includes the following restructured ZIM services:
Between Asia and Oceania, ZIM will provide the following services:
Northeast Asia-Australia (ZAX): Busan-Qingdao-Shanghai-Ningbo-Hong Kong-Yantian-Nansha-Brisbane-Melbourne-Sydney-Brisbane-Busan
ZIM Oceania-Asia (ZOA): Lin Chaban-Singapore-Tanjung Perapas-Singapore-Jakarta-Brisbane-Sydney-Auckland-Littleton-Otago-Brisbane-Tanjung Perapas-Singapore-Lin Chaban
ZIM Oceania Express (ZOX): Singapore-Jakarta-Fremantle-Melbourne-Sydney-Napier-Tauranga-Brisbane-Tanjung Parapaz-Singapore
Between the Indian subcontinent and the eastern Mediterranean, ZIM will provide two lines, with the ports in the following order:
ZIM INDIA ISRAEL (ZII): Navasheva-Mundra-Haifa
ZIM INDIA-TURKEY (ZIT): Hazra-Mundra-Tykirdag (TR) -Drins (TR) -Iskenderun (TR) -Mersin-Hazra
In the Eastern Mediterranean to Northern European trade, ZIM will provide two strings, the port order is as follows:
ZIM Nordic Israel (ZNI): Ashdod-Haifa-Damietta (EG) -Valencia-London Gate-Rotterdam-Hamburg-Antwerp-Le Havre-Ashdod
ZIM Turkey Nordic (ZNT): Aliaga (Nemrut Bay)-Le Havre-Felixstow-Bremerhaven-Hamburg-Antwerp-Aliaga (Nemrut Bay)
The service restructuring aims to ensure improved service reliability and provide seamless connectivity with other ZIM services operating in Asia and the Mediterranean.
Source: ZIM official website