By Mike Wackett (The Loadstar) - Maersk’s cuts in capital expenditure, including its decision not to order new vessels in the next two years, will clear the way for MSC to take over as the top-ranked ocean carrier, according to Alphaliner, And The Loadstar’s sources suggested that this “profit over market share” strategy by the Danish transport group may have contributed to … [Read more...]
Hyundai Merchant Marine to Join THE Alliance After 2M Expiration
By Mike Wackett (The Loadstar) - South Korean carrier Hyundai Merchant Marine (HMM) is to join THE Alliance when its slot charter agreement with the 2M expires next April. HMM will become the fourth member of the vessel-sharing group, joining Hapag-Lloyd, ONE and Yang Ming. An agreement signed last week also saw the founding members extend the duration of their alliance … [Read more...]
Maersk Line, MSC and ZIM Enter Strategic Cooperation on the Asia – U.S. East Coast Trade
Israeli container shipping company ZIM has reached a deal with 2M alliance members Maersk Line and Mediterranean Shipping Company on a new strategic cooperation on the Asia – US East Coast trade. Starting in early September 2018, the companies will operate five loops between Asia and the U.S. East Coast. ZIM will operate one loop and 2M will operate four loops, and the … [Read more...]
Maersk and MSC Unveil Revamped 2M Asia-Europe Network
By Gavin van Marle (The Loadstar) - 2M alliance partners Maersk Line and MSC will launch a revamped Asia-Europe and Asia-Mediterranean network in May that will see port calls reduced by 17. Maersk Line announced this morning it had taken the step of reducing the number of calls as a way of maintaining better schedule reliability. “Port congestion and weather conditions … [Read more...]
Port of Southampton to Lose Call by Maersk/MSC Asia-Europe Service
By Gavin van Marle (The Loadstar) - The 2M alliance of Maersk and MSC is to leave the UK port of Southampton. It has announced it will drop the call at the country’s second largest container gateway by the Asia-Europe AE1/Shogun service the carriers jointly operate. A spokesman for Maersk told The Loadstar: “The reason for withdrawing the Southampton call was because we … [Read more...]