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The world’s second- and third-largest container shipping companies have signed a major agreement. Two family-owned companies, the Swiss-Italian MSC and France’s CMA CGM, have agreed to form a broad-based operating partnership spanning several trades, including Asia-Northern Europe, Asia-Southern Africa, and all of the South American markets.
The agreement, which is designed to improve the two partners’ respective performances, will help to drive extensive operating synergies while also enhancing customer service.
On a certain number of trades, the partnership will also enable the groups to deploy the best ships in each of their fleets, while increasing the number of ports of call and the frequency of sailings.
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