Five of the largest ocean carriers are cooperating to introduce a new service connecting important ports in Asia with the East Coast of South America.
In particular, CMA CGM, COSCO, OOCL, Evergreen and PIL will jointly launch the new service on the Asia-Latin America trade in May.
The service will have two separate loops. The first loop will be operated by 12 container ships of up to 14,000 TEU capacity and will commence on 5 May from the port of Tianjin.
The rotation of the first loop will...