HYUNDAI ENDS ATLANTIC LINKS WITH MEDIITERRANEAN SHIPPING

HYUNDAI ENDS ATLANTIC LINKS WITH MEDITERRANEAN SHIPPING    Hyundai Merchant Marine has ended two weekly transatlantic container services that it operated under a slot-charter agreement with Mediterranean Shipping Co.
   Hyundai had loaded cargo on the North Atlantic NAS service and on the South Atlantic/Gulf SAS loop. The last vessels used by Hyundai under the slot-charter agreement are due to arrive in Europe this week-end and early
next week.
   The change, previously announced by Hyundai, is the winding down of a previous agreement made with Mediterranean Shipping Co. by the Korean shipping line before the New World Alliance introduced its own transatlantic services.
   Since October, Hyundai and fellow New World Allliance carriers APL and Mitsui O.S.K. Lines have operated three weekly services between the U.S. and northern Europe, in cooperation with Maersk Sealand.
   Mediterranean Shipping will continue to operate its North Atlantic and South Atlantic/Gulf weekly services without Hyundai.