NYSE-listed ZIM, a global container liner shipping company, announced a new operational cooperation agreement with MSC, the industry's largest carrier, covering several trades. "This agreement is designed to significantly enhance operational efficiencies and further elevate service levels for ZIM's valued customers," says an official release from ZIM. The agreements between ZIM and MSC includes vessel sharing, slot purchases, and swap arrangements, the release added. "Our decade-long partnership with MSC spanned across multiple trades over the years, and today encompass, among others, Asia, the Pacific Northwest, Oceania, India, East-Med, Northern Europe, and more. We expect that this strategic cooperation will benefit ZIM both operationally and financially, and it is another testament to our agility.

Source: The North Africa Journal September 07, 2023 23:15 UTC