Port Finance International Events - covering global port developments

Search site

RSS
Thursday, 10 August 2017

King Ocean and Crowley expand services at Port Everglades with new vessel sharing agreement

King Ocean Services Limited, Inc. and Crowley Caribbean Services, LLC, both long-time customers at Broward County's Port Everglades, have entered into a vessel sharing agreement (VSA) that will expand their reach into the Port's top trade market, Central America.

In addition, King Ocean will sail its own ship from Port Everglades to Costa Rica for the first time as the VSA calls for alternating ships weekly with Crowley on this route.

"This new agreement saves our customers time, at least by one full day, because we now have direct service to Port Everglades from Costa Rica and Panama instead of stopping in Miami first," said King Ocean's Franco Da Costa Gomez.

The agreement also authorizes Crowley to charter space to King Ocean in the trade from the U.S. East Coast to Trinidad, and authorizes King Ocean to charter space to Crowley in the trade from the U.S. East Coast to St. Lucia and Barbados. It authorizes the parties to charter space to each other on an as needed/as available basis for the northbound movement of empty containers.

Central America accounts for 37 percent of all international trade through Port Everglades. Refrigerated cargo such as pineapples and melons are among the top import commodities.

"We are pleased that Crowley and King Ocean found a mutually beneficial way to provide expanded services to their customers," said Port Everglades Business Development Director Jim Pyburn.

August 9, 2017 by Hellenicshippingnews.com

ABOUT US

Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

Follow us

Newsletter

Sign up for our free newsletter