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NYK TO ENTER EUROPE/EAST COAST SOUTH AMERICA

NYK TO ENTER EUROPE/EAST COAST SOUTH AMERICA

   Tokyo-based Nippon Yusen Kaisha has announced that during January 2001, it will join the Europe/East Coast South America market by entering into a slot charter arrangement with the Chilean ocean carrier Compania Sud Americana de Vapores.

   The service has a sailing frequency of eight days and uses six ships with approximately 2,500 TEUs capacity.

   The port rotation is Rotterdam, Tilbury, Hamburg, Antwerp, Le Havre, Bilbao, Santos, Paranagua, Buenos Aires, Itajai, Salvador, Santos, Rotterdam, Tilbury, Hamburg, Antwerp, Le Havre and Bilbao.

   The service is a joint operation between CSAV, Contship Containerlines, Montemar and P&O Nedlloyd. The same carriers also operate a fortnightly service in the same trade.

   Currently, Braztrans, Euroatlantic Container Line, Hansa Star Line and Senator Lines all take space on both services.

   According to the online global shipping database ComPairData (http://www.compairdata.com), CSAV and NYK already have two joint operations, the Asia/South Africa/East Coast South America ‘Good Hope Express’ and the Asia/U.S. West Coast/West Coast South America ‘Andex’ service.