Saturday, July 21, 2012

CMA CGM cuts APL link, renews Far East-Red Sea Rex2 with Hanjin, Yang Ming


MARSEILLE's CMA CGM, the world's third largest shipping line, has announced the re-launch of its old service, with new partners, Hanjin and Yang Ming, from the Far East to the Red Sea ports starting July 22.

The Rex 2 will replace the Rex 1 service, which has been operated under a vessel sharing agreement with Singapore's APL, which ended in June.

The Rex 2 service keeps CMA CGM active on this major trade lane and from July 22, it will now operate under a vessel sharing agreement with Hanjin and Yang Ming.

CMA CGM will deploy one vessel, the 3,900-TEU Ville d'Aquarius, which will rotate through Shanghai, Ningbo, Kaohsiung, Shenzhen-Skekou, Singapore, Jeddah, Sokhna, Aqaba and back to Shanghai.

"It was essential for CMA CGM to offer again Egypt and Jordan calls with a direct and improved service from Asia. This new Rex 2 service is the first step of CMA CGM redeployment in the zone and confirms the group's will to increase its presence in these countries for both import and export," said CMA CGM vice president Stephane Courquin.