Maersk Line announced plans to transfer its intra-Asia services to its Singapore-based subsidiary, MCC Transport, beginning in 2009.
The Danish carrier in a statement said it has identified the intra-Asia trade lane as a major growth area, and the spin-off will help serve the trade better.
A leading feeder operator on the route, MCC became part of the A.P. Moller-Maersk Group in 1993 when it was acquired from the East Asiatic Co. It currently has a fleet of 30 vessels, providing for annual capacity of around 2.9 million TEUs.
In July, Maersk and MCC jointly introduced an intra-Asia service (IA-4) that calls Shanghai, Ningbo, Shekou, Singapore, Port Kelang, Jakarta, and Hong Kong.