ZIM Integrated Shipping Services Ltd. announced that following its previous update on the extension of its operational cooperation agreement with the 2M partners, the parties have formally finalized the related documents in connection with their continued collaboration. The agreement is subject to regulatory approval.
As previously communicated, ZIM and the 2M alliance partners will operate their joint services on the Asia – US East Coast and Asia – US Gulf Coast trades based on a slot exchange and vessel sharing agreement. Accordingly, ZIM will now solely operate two out of the six joint Asia to USEC services as well as three additional vessels on one of two joint Asia to USGC services.
In addition, ZIM will launch ZIM Med Pacific, an independent pendulum service designed to address its customers’ needs on the Asia to Mediterranean and Pacific North-West trades, and the current collaboration with the 2M partners on these trades will be terminated
ZIM is a global container liner shipping company with leadership positions in the markets in which it operates. Founded in Israel in 1945, ZIM is a veteran shipping liner, with decades of experience providing customers with innovative seaborne transportation and logistics services, a reputation for industry-leading transit times, schedule reliability and service excellence.