News / ONE 'caught on the hop' when Hapag-Lloyd ended Baltic feeder cooperation

Baltic feeder services

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By Mike Wackett

18/06/2020

The much-hyped feeder cooperation agreement between THE Alliance members Hapag-Lloyd and ONE has fallen victim to Covid-19.

Since October 2018, a “bilateral strategic feeder network cooperation agreement” has seen the two carriers sharing space on their respective feeder vessels.

However, as part of Hapag-Lloyd’s recently announced “triple-digit-million-dollar” cost reduction plan to mitigate the impact of Covid-19 on its balance sheet, the carrier has suspended a number of its own feeder services, with a view to returning the ships to owners on the ...

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Topics

coronavirus Feeder operators Hapag-Lloyd intra-Europe ONE Port of Hamburg THE Alliance Unifeeder X-Press Feeders

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