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Published: 8 August 2017      

King Ocean/Crowley announce VSA for Central America

King Ocean Services Limited and Crowley Caribbean Services have entered into a vessel sharing agreement (VSA) covering services to Central America.

Under the agreement 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 authorises 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 authorises the parties to charter space to each other on an as needed/as available basis for the northbound movement of empty containers,” the carriers said in a statement.

Both carriers are long-time customers at Broward County's Port Everglades, which welcomed the announcement. Central America accounts for 37% percent of all international trade through Port Everglades, with the top commodities including reefer cargo. ”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.




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