Freight News

UASC and Hamburg Sud get together

[ September 25, 2014   //   ]

United Arab Shipping Company (UASC) and Hamburg Süd have signed a global cooperation agreement. Initially, the two partners will cooperate on several of their respective core trades, with Hamburg Süd entering the Asia-North Europe and Asia-US trades in December and January 2015, respectively, while UASC will enter the Europe-South America East Coast and Asia-South America East Coast trades from mid-2015. Initially, the cooperation will be a slot exchange but vessel deployment opportunities will be explored in due course. Cooperation on other routes is under discussion.

Detailed service announcements will be provided by the lines shortly.

The two partners said that as well as respective customers’ business needs, key growth areas, and operational requirements, the need to address logistical imbalances was also a key driver behind the agreement.

UASC president and CEO Jørn Hinge, said: “This cooperation with Hamburg Süd enables access to the South America trades and illustrates our ambitious approach to enhance geographic coverage. In today’s challenging marketplace our customers deserve more opportunities, better services and improved efficiencies. Through partnerships with leading operators such as Hamburg Süd, and investment in some of the largest and most eco-efficient container vessels ever built, UASC ensures that customer service remains at the very heart of our operations.” he remarked.

Hamburg Süd executive board chairman Dr Ottmar Gast added: “This cooperation will enable Hamburg Süd and UASC to complement each other’s core services and networks, offering both lines’ customers a more comprehensive global reach and reliable services without incremental investment in new tonnage. Hamburg Süd and UASC customers will benefit from the companies’ deployments featuring highly efficient and environmentally friendly vessels.”

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