United Arab Shipping Company (UASC) has entered into a new agreement with CMA CGM and Hamburg Süd to enter the North Atlantic trade.
The vessel sharing agreement will see the three partner companies operate a service that links North Europe with the United States East Coast, calling at the ports of Antwerp, Rotterdam, Bremerhaven, Le Havre, Southampton, New York, Norfolk, Charleston and Savannah. The service will offer competitive transit times and a weekly capacity allocation of 3,300 teu.
UASC says that the move into the North Europe - North America trade marks an important step in the expansion of UASC’s global network.
President and CEO, Jørn Hinge said: “This announcement marks an exciting new chapter for UASC as we enter the North Atlantic service and further cement our position as an emerging global carrier. Broadening our network coverage through partnership agreements is an integral part of UASC’s ambitious expansion plans. Collaboration with other leading carriers ensures that we can provide our customers with the widest scope of global services and the lowest possible unit costs, whilst growing in a responsible fashion and without adding unnecessary capacity."
The new agreement is the most recent annoucement from UASC, following the news in September 2014 of the company entering into the OCEAN3 alliance with CMA CGM and China Shipping Container Lines. UASC has also signed a general cooperation agreement with Hamburg Süd to allow for entry into the South American trades, with services set to start in mid-April.