ZIM breaks into 2M
The Israeli global carrier join Maersk Line and MSC into a cooperation agreement on the Asia-US East Coast trade
ZIM Integrated Shipping Services and the two members of the 2M Alliance (Maersk Line and Mediterranean Shipping Company MSC) have entered a strategic operational cooperation on the Asia-US East Coast trade; cooperation with the 2M Alliance creates a major upgrade of ZIM’s Pacific services, with improved port coverage and transit time, the Israeli global carrier says.
As of early September the parties will operate together 5 loops between Asia and the US East Coast; ZIM will operate 1 loop and 2M will operate 4 loops, and parties will swap slots on all loops.
The new cooperation – intended to last 7 years - offers ZIM’s customers a more comprehensive product portfolio, with a wider range of direct calls in Asia and the US and faster transit time; it is expected to generate cost efficiencies for ZIM, whose President and CEO, Eli Glickman, stressed: “We are pleased to enter into this strategic operational cooperation with 2M Alliance that will significantly improve our services on this important trade, where we remain a major player as part of our strategy. It is a vote of confidence by the two largest players in the industry, acknowledging our capabilities, reliability and strength, that will enable us to achieve operational efficiencies and ensure our ability to maintain a leading position on the trade. We will continue to be independent, building on our personal links with our customers, for which we are so well known in addition to our ongoing technological initiatives such as our successful blockchain project; we will continue to service all trades in our current network, with even better service links and transit times. Our customers will continue to benefit from ZIM’s exceptional level of service now with an improved product” he said.
By its side, President & CEO, MSC Group, Diego Aponte said that “these new arrangements will improve our products across these regions and unveil new opportunities for shippers. Southeast Asian exporters will benefit from a new direct service between Laem Chabang port, Thailand, and USEC ports as far as New York. The revised network will include calls at Colombo to facilitate shipping opportunities for cargo from nearby India, Pakistan and Bangladesh”.