NYK BECOMES FULL MEMBER OF EUROPE/SOUTH AMERICA VSA

NYK BECOMES FULL MEMBER OF EUROPE/SOUTH AMERICA VSA    NYK Line will become a full member of a reorganized north Europe/East Coast of South America vessel-sharing agreement in May.
   “NYK Line have now come to an agreement with Compania Sud Americana de Vapores, Montemar, Contship and Senator, to form a new consortium,” the Japanese line said. The carriers will run a joint weekly service with seven 2,500-TEU vessels, and NYK Line will be providing and operating one vessel.
   Previously, NYK provided a north Europe/East Coast of South America by buying slots from Compania Sud Americana de Vapores. The reorganization of the vessel-sharing agreement of Compania Sud Americana de Vapores and partners follows the departure from the cooperative agreement of P&O Nedlloyd, which is launching its own competing service in the same trade.
   NYK said that the VSA service is expected to call at Rotterdam, Tilbury, Hamburg, Antwerp, Le Havre and Bilbao in Europe, and Rio de Janeiro, Santos, Paranagua, Buenos Aires, Montevideo, Rio Grande, Itajai and Salvador on the East Coast of South America.