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A major agreement was signed by the the world’s second and third largest container shipping companies. MSC of Switzerland and CMA CGM of France have agreed to form a new operating partnership on Asia-Northern Europe, Asia-Southern Africa and on all South American markets.

The partnership will enable the two Groups maximum optimization of their fleets while increasing the number of ports of call and sailing frequency.

Diego Aponte, Vice President of MSC, said: “we are very happy to have signed this broad-based partnership, which will unite our two family-owned companies in the years ahead. The agreement offers us new opportunities to optimise the use of our respective fleets, improve our transit times and increase our performance.”

Rodolphe Saadé, Executive Officer of CMA CGM Group, said: “for more than 30 years, our two companies have followed the same trajectory and for a number of years we’ve cooperated on a few lines. Based on this experience and our shared vision of the shipping industry, we have decided to step up our partnerships, which reflect a commitment to long-term cooperation and will enable us to offer customers improved solutions and services.”