With space restriction during high volume seasons, we were unable to accommodate the entire cargo market. Now we have the flexibility and space to carry a more diverse cargo mix. In return, Zim is taking space on Hyundai's three transpacific runs. The lines are not disclosing how much space they are taking on each other's services, but the agreement is understood to begin with only moderate amounts. When Hyundai started its slot exchange deals with NYK and NOL, they exchanged about 100-200 TEUs a week.
Shippers can take advantage of a different rating system.
Intermodal transit time from Hong Kong to New York is 19 to 21 days, whereas the all-water service takes 32 days. In the long run, the partnership with Zim offers Hyundai the possibility to expand its coverage of Latin America, but there are no immediate plans. Currently the carrier does not intend to transfer cargo at Long Beach.