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Maersk Line takes on partner for flagging SE Asia-NZ route

Maersk Line takes on partner for flagging SE Asia-NZ route

Copenhagen: Maersk Line has entered a vessel sharing agreement with Malaysia's MISC Berhad for its South East Asia - New Zealand trade, beginning June 9, 2008. In a statement, the Danish container giant said, "The above changes are a reflection of the presently unsustainable trading conditions in the South East Asia - New Zealand market."

"Maersk Line will continue to offer a stable and reliable service to our customers - with the foundation being a reasonable return on investments. This can only be achieved by optimising the utilisation of our assets and through recognition in the market of the sharply increased operational cost, which presently does not allow for an acceptable return," it added.

The service will deploy four 4,100teu vessels (three operated by Maersk Line and the fourth by MISC Berhad) and will continue along the current Maersk Line port rotation: Tanjung Pelepas (Malaysia), Singapore, Brisbane (Australia), Auckland (New Zealand), Port Chalmers (New Zealand), and Tanjung Pelepas (Malaysia).

"Our customers will continue to benefit from the fastest south-bound connection into the New Zealand market with connection to our extensive feeder network connecting via Auckland and Port Chalmers. The north-bound leg will continue to offer the fastest service from New Zealand and ensure optimal conditions for the exporting community," Maersk Line concluded.  [14/04/08]