Trump China Tariffs Set to Unleash Supply Shock on U.S. Economy
President Donald Trump’s tariff onslaught has roiled Washington and Wall Street for nearly a month. If the trade war persists, the next upheaval will hit much closer to home.
Mearsk has announceed that it will enter into a slot swap agreement with Hapag Lloyd between their Mediterranean Gulf Express (MGX) service and Maersk’s own WestMed service.
This swap will offer new direct service from Barcelona, Spain and Valencia, Spain to the US East Coast and the US Gulf, along with new direct service from the US Gulf to Italy and Spain. The agreement also adds new US ports including New Orleans, Louisiana; Houston, Texas and Port Everglades, Florida. New Mediterranean ports include Valencia, Spain; Barcelona, Spain and Cagliari, Italy.
The new services will commence on 1 March 2011 subject to final Federal Maritime Commission (FMC) approval.
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