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Maersk Line scrapping vessel sharing agreement with CMA CGM on Panama-East Coast South America service

Maersk Line is scrapping its vessel sharing agreement with CMA CGM on the service that connects ports in Brazil, Panama, Colombia, Jamaica, Trinidad and Tobago, named NCX by Maersk and Brazex by CMA CGM.

Alphaliner reported that Maersk has informed CMA CGM of its decision and given the required six months' notice.

The joint service, which commenced in 2009, currently deploys six 2,800-TEU vessels, with each carrier providing three to call at ports in Manzanillo, Kingston, Port of Spain, Vitoria, Santos, Paranagua, Itajai, Santos, Rio de Janeiro and Cartagena.

The service was created by combining CMA CGM’s Brazilian Express service (Brazex) and Maersk’s North Coast Express (NCX).

The report added that Maersk was looking for alternative services to transport cargo to the East Coast of South America and intra-America.

Source : Our Correspondent

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