Zim and CSCL settle dispute with launch of joint Asia-Europe loop

ISRAELI flag carrier Zim Line has settled the dispute with China Shipping Container Lines (CSCL) relating to a slot charter agreement, reported Israeli online publication Shipper.co.il.


CSCL claimed that Zim had not paid US$151 million for slot charters in 2008 on the Asia-Europe AEX1 loop. But Zim said only a small part was owing, according to London's Containerisation International, which added that it was still unclear how the matter had been resolved, but the launch of an Asia-Europe joint service with Evergreen indicated relations had improved.


It is understood the carriers will each deploy three 10,000-TEU ships from mid-April. Besides, the negotiation for further co-operation is underway, which suggests offering a joint Asia-US west coast service with five 4,250-TEU ships.
(Source:http://www.schednet.com)