MISC is leaving the Hapag-Lloyd/ Hamburg-Sud Indian Ocean Service (IOS)/ Europe/ Pakistan/ India service as a slot purchaser from June 2009.
MISC has a short term agreement with the Lines, to purchase slots on the service following the ending of its involvement as a vessel deployer in the joint ISES service run by YML, K Line and SCI, which is now closing down.
Instead of having a direct Europe/ Indian sub-continent service, MISC will, from next month, tranship westbound ISC volumes over Singapore onto one of the five Asia/ North Europe/ Mediterranean services of the Grand Alliance (GA).
Sources say, the utilisation on services on this trade, is presently ranging between 55-60%.
Last direct sailing for MISC will be Eastbound from Hamburg on 5 June 2009 and Westbound from Karachi on 6 June 2009.
Source: PR News/ Copy 6035/ 6 May 2009