ZIM Feels The Need For Speed as CMA-CGM Shows Need for Premium Offerings — Panjiva


ZIM Feels The Need For Speed as CMA-CGM Shows Need for Premium Offerings

China 1758 Corp - Shipping 608 India 283 Mode - Containerized 1005 Mode - Seaborne 1273 Turkey 33 U.S. 3297

ZIM Shipping has cut the service time on its India-to-East Med service by as much as 10 days, allowing it to take better advantage of growth on the route. Shipments from India to Turkey and Israel grew by 10% in 2Q on a year earlier after a 5% improvement in the prior three quarters. Congestion via the Panama Canal may become a challenge, but that may be a necessary risk as the use of accelerated and other premium offers is becoming increasingly important for the container-lines. CMA-CGM’s “Eagle Go Guaranteed” service likely contributed to its 40 basis points of increased market share o...

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