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Seatrade Meridian Service

The new vessel sharing agreement (VSA) announced earlier this year
between CMA CGM and Seatrade linking Northern Europe, the East Coast
of the United States, Central America, the Pacific Islands, Australia, New
Zealand, Peru and the Caribbean on a weekly basis, will not proceed in
its intended form.

Seatrade has in recent months evaluated its global strategic options
considering current market conditions, including the future involvement in the
Meridian Service.

Seatrade has reached an agreement with CMA CGM to restructure the VSA.
The service will be upgraded to a weekly service as from January 2018, and
will among other vessels utilize Seatrade’s fully cellular and geared 2,200
TEU Colour Class specialized container vessels, combined with container
equipment currently controlled by Seatrade.
Seatrade is pleased to have reached this agreement wit h CMA CGM securing
continuation, schedule reliability and highest possible service level for
Seatrade´s major customers in the trade.

While the involvement of Seatrade in the NZ to Northern Europe trade is
reduced the Seatrade group will continue to provide its Fast Direct Dedicated
(FDD) services to worldwide markets for transportation of perishable
cargoes.

About Seatrade

Seatrade was founded in 1951 by five captain‐owners in Groningen, the Netherlands.

Today the company is the world’s largest reefer vessel operator and owner, and the
leader in specialised reefer logistics, operating over 100 specialised vessels transporting
perishable cargoes worldwide on its Fast Direct Dedicated (FDD) services.
With the addition of its recent specialised reefer container vessels and the smaller
handy‐size reefer newbuildings on order Seatrade keeps innovating its fleet to best serve
its loyal and new customer base.

A worldwide agency network in all major exporting and importing areas provides
customers personal contact with a Seatrade representative anytime anywhere.

Source: seatrade
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