Two of the world's largest container shipping companies, Mediterranean Shipping Company (MSC) and CMA CGM, have confirmed the signature of a major partnership agreement.
The two family-owned companies, the Swiss-Italian MSC and France's CMA CGM, agreed to form a broad-based operating partnership spanning several trades, including Asia-Northern Europe, Asia-Southern Africa and all of the South American markets. The agreement is designed to improve the two partners' respective performance, driving extensive operating synergies and enhancing quality of service for their customers.
On certain trades, the partnership will also enable the groups to deploy the best ships in each of their fleets, while increasing the number of ports of call and frequency of sailings.