Hapag Lloyd Interchange Agreement

The Alliance Lead Line Hapag-Lloyd has signed a slots charter agreement with rival partners of the 2M Maersk and MSC alliance, which is expected to begin in March. Canadian Pacific (NYSE: CP) (TSX: CP) and hapag-Lloyd AG (XETR: HLAG) (FWB: HLG) announced today that they have extended their long-term rail contract until the end of 2025. In addition, after successful calls to the Port of Saint John, N.B.B. hapag-Lloyd will begin regular service this summer through CP and this important Atlantic Canada port starting in 2021. NACPC: To register as an NACPC client and obtain an interchange agreement, please visit the NACPC website or contact one of its service agents at its free number: 1-800-452-8291 www.nacpc.org/subscribe/. If you have registration problems, please contact: Mark Schmidt But a charter agreement with a rival alliance does not come without commercial risks that Hapag-Lloyd undoubtedly took into account during the contract agreement. Hapag-Lloyd provides professional advice to ensure mutual agreement on the best package of solutions for your business; This may also include an additional addition to the e-business features of our “toolbox” of email and web solutions. “CP`s return has been a transformative development for our region,” said New Brunswick Premier Blaine Higgs. “This agreement with Hapag-Lloyd is another important step for our province.

Port Saint John offers a competitive advantage, which will lead to more jobs and investment in New Brunswick. A global supply chain requires a rapid response to new trade requirements. The best answer is a direct system exchange or a “bilateral” EDI connection (a directly connected electronic data exchange) that provides efficiency gains to your business. Currently, the HMM is still paying for slots for Asia-North-Europe 2M services under the 2M-HMM Strategic Cooperation Agreement, which expires on 31 March, but is expected to use more and more slots for THE Alliance services, an interim agreement reached with the VSA Group after setting up its asia-North Europe stand-alone service last August. Below, to illustrate, are the main process steps and typical touch points that meet your logistical needs, in an exemplary way for EDIFACT. . Forward-looking information contained in this press release will be developed at the time of this press release. Unless required by law, CP undertakes no commitment to publicly update or revise any forward-looking information, or the assumptions and risks that precede this forward-looking information, whether as a result of new information, future events or otherwise.