Seatrade modifies VSA
Seatrade, the world’s largest reefer vessel operator, has announced that the vessel-sharing agreement (VSA) announced in 2017 between itself and CMA CGM will not go ahead as was originally planned.
The original plan was to provide weekly services to Northern Europe, the East Coast of the US, Central America, the Pacific Islands, Australia, New Zealand, Peru and the Caribbean. However, Seatrade said that due to market conditions, the VSA will be restructured.
Despite making cuts to its New Zealand-to-Northern Europe trade route, Seatrade will continue to provide its Fast Direct Dedicated services to worldwide markets for transportation of perishable cargos.The service will be upgraded to a weekly service as from January 2018, and will utilise Seatrade’s fully cellular and geared 2,200 TEU Colour Class specialised container vessels, combined with container equipment currently controlled by Seatrade.
