NIPPON Yusen Kaisha (NYK), Kawasaki Kisen Kaisha Ltd ("K" Line), Pacific International Lines (Pte.) Ltd (PIL), and Hyundai Merchant Marine Co Ltd (HMM) have reached an agreement to launch a joint service between the Far East and the east coast of South America from mid June 2009.
Ten vessels of about 4,250 TEU each will be deployed in this 70-day rotation, allowing for a weekly service to be maintained. NYK, K Line, and PIL will provide three vessels each and HMM will deploy one vessel according to a company statement.
The joint service will provide the following port rotation: Shanghai, Ningbo, Hong Kong, Shekou, Singapore, Santos, Buenos Aires, Montevideo, Navegantes, Paranagua, Santos, Rio de Janeiro, Cape Town (only K Line and PIL will offer service to Cape Town), Singapore, Hong Kong and Shanghai.
Source: Transportweekly