Maersk in Vessel Share Deal with MSC, MOL

Maersk Line has entered into a vessel sharing agreement with Switzerland-based Mediterranean Shipping Company (MSC) and Japan's Mitsui O.S.K Lines (MOL) on routes between Asia and the east coast of South America.

"The VSA will simplify the network and improve operational responsiveness on the route," Maersk Line said in a statement.

The VSA will include 22 vessels on a two looped routes.

The Asia to East Coast of South America line is a key route for the transport of electronics and automobile parts, propelling the automobile industry within Latin America.

Maersk Line and MSC are already sharing about 185 vessels in a deal made last year.  
           
Reporting by Ole Mikkelsen