Multipurpose ocean carrier NileDutch and Singapore-based Pacific International Lines will start a vessel-sharing agreement (VSA) to jointly operate a new container service between Asia and West Africa via South Africa as from the middle of May 2014, according to a joint statement.
The cooperation between the two companies aims to offer their customers a better service level and more convenience. Furthermore, it will enable the companies to improve container their efficiency and competitive position, and respond to developments in the market, the joint statement says.
The partnership follows MSC’s announcement to begin a direct service to West Africa rather than transship container to reduce transit times. Other partnerships on the Asia to west central Africa include CMA CGM and Maersk Line’s combined direct services.
The trade lane has seen a year-on-year increase of 12.3 per cent to 1.4 million TEU in 2013 and is forecast to increase by 12.1 per cent to 1.6 million TEU this year, according container to analysts at MDS Transmodal. container
Previous projections of vessel utilisation levels by Containerisation International were at 86 per cent during the second quarter container 2014, but this is likely to be offset by the cascading of larger vessels in service changes such as from MSC, NileDutch and PIL.
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