Maersk Line, the container division of Danish conglomerate AP Moller Maersk AS, said it has entered a vessel sharing agreement with Swiss carrier Mediterranean Shipping company and French-based CMA-CMG.
The cooperation, which will start in April, includes three shipping lines between Asia and North America.
'Rates have not supported our cost to serve on different products in the Pacific,' said Maersk Line vice president Vincent Clerc.
'We felt that a partnership of this sort would not only enable us to address our cost structure, but also to provide a dynamic enhanced product for our customers, without adding any capacity on the market,' he added.
The announcement comes shortly after Maersk Line said in February that it would cooperate with Taiwanese peer Evergreen Marine Corp on Asia-Europe trade lines.
The cooperation, which will start in April, includes three shipping lines between Asia and North America.
'Rates have not supported our cost to serve on different products in the Pacific,' said Maersk Line vice president Vincent Clerc.
'We felt that a partnership of this sort would not only enable us to address our cost structure, but also to provide a dynamic enhanced product for our customers, without adding any capacity on the market,' he added.
The announcement comes shortly after Maersk Line said in February that it would cooperate with Taiwanese peer Evergreen Marine Corp on Asia-Europe trade lines.