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Maersk Line Improves the WestMed Service Linking the Mediterranean and North America - Maersk Line is pleased to announce the following enhancements to the WestMed Service, serving the Mediterranean - North America trade
Maersk Line Improves the WestMed Service Linking the Mediterranean and North America

 

NewswireToday - /newswire/ - Copenhagen, Denmark, 2009/01/28 - Maersk Line is pleased to announce the following enhancements to the WestMed Service, serving the Mediterranean - North America trade.

   
 
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The new service is achieved in cooperation with French-based CMA-CGM in a Vessel Sharing Agreement (VSA) to commence in March 2009. As part of the agreement, Maersk Line will operate four vessels and CMA-CGM will operate one, with an average net capacity of 3500 TEU.

The new WestMed service will replace two existing services; the Amerigo service operated by CMA-CGM and Evergreen, and Maersk Line's current WestMed. By combining two strings, approximately 2900 TEU of weekly capacity will be removed from the trade, bringing needed stability to the market.

The new product is an improvement over the current WestMed service in several ways:
• The new schedule continues coverage of all ports in the current WestMed rotation, in many cases with improved transit times. For example, the transit time from Algeciras (Spain) to Newark (New Jersey, US) has been reduced from nine to seven days.
• New direct port calls in Fos-Sur-Mer (France), Malta, and Miami (Florida, US) expand Maersk Line's geographical scope, creating access to new markets for our customers. In the past, Southern France was served via our hub in Algeciras by a feeder. The transit time from Fos-Sur-Mer to Newark has been dramatically reduced from 22 days to 10 days.
• We will deploy newer, faster vessels, which will improve schedule reliability while minimising our environmental footprint. The five Panamax ships deployed have an average age of four years, down from the previous average of twenty years.
• The new schedule further provides our customers with secure connections through our Mediterranean hubs to reach markets in Africa, Middle East, and the eastern Mediterranean.

"The new WestMed Service is really the best of both worlds. We are expanding coverage and improving reliability and transit times to better serve our customers," said Soren Castbak, Senior Director of Atlantic Product Management for Maersk Line. "And at the same time we deal pro-actively with the economic climate, taking out capacity in line with the softening demand from customers in the trade", he continued.

By signing this two-year agreement, Maersk Line demonstrates its commitment to the Mediterranean - North America trade. Maersk Line is a financially strong company, and during these challenging times, we are able to provide our customers with the stability they require.

The first sailings will begin during the second week of March in continuation of the current service.

For more information, please visit the route maps.

 
 
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Written by / Agency / Source: Maersk Line

 
 

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Maersk Line Improves the WestMed Service Linking the Mediterranean and North America

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Publisher Contact: Maersk Line 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Maersk Line securities in any jurisdiction including any other companies listed or named in this release.

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