MISC to withdraw from Europe

2009-5-19

The shipping line MISC Berhad has informed the partners in the Grand Alliance that it will withdraw from services between Europe, including Mediterranean, and the Far East with effect from January 1, 2010.

MISC does not operate with the Grand Alliance on the Transpacific or Transatlantic trades.

"We greatly regret that MISC as a founding member of the Grand Alliance is withdrawing, but respect its decision," commented the partner lines Hapag-Lloyd, OOCL and NYK.

The withdrawal of MISC will not affect sailing frequencies, transit times or service structures. "Nothing will change for our customers. They will continue to receive the customarily reliable service of the Grand Alliance partner lines in the future," noted Hapag-Lloyd, OOCL and NYK.

The fleet deployed by the Grand Alliance comprises about 140 vessels with capacities of between 2,900 and 9,000 TEU. MISC has so far provided seven units of these. "We will be replacing these ships in the context of our normal cascading," stated the Grand Alliance.
Source: cargonewsasia
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