Maersk Line and Hamburg Süd enter slot purchase agreement on the East-West trades

The agreement follows commercial negotiations in anticipation of the termination of Hamburg Süd’s current slot purchase arrangements on the East-West trades.

Maersk Line and Hamburg Süd are announcing a slot purchase agreement for Hamburg Süd’s volumes on the East-West trades to be shipped on vessels in the 2M network. Due to changes in the global liner alliances, the agreement follows commercial negotiations in anticipation of the termination of Hamburg Süd’s current slot purchase arrangements on the East-West trades.

“We are pleased with this agreement. Accommodating these additional volumes enables improved utilisation in our fleet and in turn provides opportunities to enhance our customer offering on select trades in our East-West network”, says Søren Toft, Chief Operating Officer, Maersk Line.

“Hamburg Süd is very satisfied about the agreement with Maersk. Our customers will benefit from extended port coverage, best transit times, and an increased number of loops in the East–West trades,” explains Frank Smet, Member of the Executive Board of Hamburg Süd.

The agreement is scheduled to begin 1 April (subject to maritime filing requirements being satisfied). It covers the Asia-North Europe, Asia-Mediterranean, Trans Atlantic and Trans Pacific trades. Maersk Line and Hamburg Süd are party to a number of such operational agreements worldwide. Today’s agreement is not related to the announcement of Maersk Line’s acquisition of Hamburg Süd (see press release of 1 December 2016).

The parties will disclose information about network changes and schedules in the coming week.

About Maersk Line

Maersk Line is the world’s largest container shipping company, known for reliable, flexible and eco-efficient services. We provide ocean transportation in all parts of the world. We serve our customers through 317 offices in 112 countries. We employ 7,700 seafarers and 21,800 land-based employees and operate 611 container vessels. We market our services through the Maersk Line, Safmarine, SeaLand (Intra-Americas), MCC Transport (Intra-Asia) and Seago Line (Intra-Europe) brands. Maersk Line is part of the Maersk Group, headquartered in Copenhagen, Denmark. The Group employs over 88,000 people in some 130 countries. 2015 revenue: USD 40.3 billion.