HANJIN, “K” LINE ENTER SPACE CHARTER AGREEMENT
Japan’s “K” Line and Korea’s Hanjin Shipping Co. have entered a space charter agreement covering the U.S./Asia trade.
Under the agreement, “K” Line will charter space for 250 TEUs on each of Hanjin’s 13 ships operating in a weekly service calling ports in South China, the Hong Kong/Japan range, the New York/Savannah/U.S. Gulf range and the Long Beach/Mexico/Panama range.
The agreement also permits the carriers to coordinate sailings and vessels, and cooperate in the use of equipment, terminals, stevedores, ports and suppliers. The agreement does not permit a joint service, the discussion of rates, or the pooling of cargo and revenue.
Pending Federal Maritime Commission clearance, the agreement is scheduled to go into effect by March 31.
HANJIN, ?K? LINE ENTER SPACE CHARTER AGREEMENT
