Read all the latest news about 2M. ShippingWatch gives you independent, credible, critical and fair news.
South Korea's Hyundai Merchant Marine, which recently abandoned a partnership on the Atlantic with Maersk and MSC, now joins forces with new partners on China-Australia.
This story could also have been titled: "Geneva calling Copenhagen," as MSC has, in a surprise move, made a public call for its 2M partner to sail slower and adjust its route network. ShippingWatch brings Maersk Line's response here.
MSC is in the midst of a large-scale process aimed at ensuring increased reliability and efficiency. This includes having ships sailing slower, and the company wants 2M partner Maersk Line to join in, President and CEO Diego Aponte tells Lloyd's List.
Hyundai Merchant Marine (HMM), strategic partner of Maersk Line and MSC in the 2M alliance, will bet on some of its other main routes, writes Alphaliner.
MSC Scandinavia, which covers important areas such as Russia, Scandinavia and Eastern Europe, has published a surprisingly good 2017 result. The company is the only one of Maersk Line's alliance partners, MSC, to publish reports.
South Korea's Hyundai Merchant Marine is, according to Alphaliner, gambling with its own, new service on Asia-Europe before the delivery of mega-vessels in 2020, when the carrier's arrangement with Maersk and MSC expires.
Hyundai Merchant Marine has reduced its capacity by 28 percent in the period from April to June, according to Alphaliner. HMM has chartered nine vessels to the 2M alliance members Maersk Line and MSC, with whom the South Korean carrier has formed a vessel sharing agreement.
MSC battled fierce competition for its North European business, as evident from the annual report 2016, in which the bottom line suffered a significant setback. The carrier expects to maintain a positive result for 2017.
The launch of new alliances from April 1 has prompted the utilization of container tonnage. Altogether, teu capacity has increased by five percent, writes Alphaliner in a new analysis.
South Korean container carrier HMM ends 2016 with an operating loss of USD 595 million, writes Alphaliner. Besides bankrupt Hanjin, the carrier's operating margin was the worst among listed carriers last year, writes the analyst agency.
The launch of the new container alliances on April 1 will mark a new era for container shipping, and market observers will keep an eye on whether the new setup helps container majors keep rates high on key trades, notes SeaIntel.
The container carriers are working to reduce the number of direct links between several ports on the major tradelanes which will be serviced by the three alliances starting April 1. A new analysis concludes that this could be good for the carriers' business, though it could also hurt the ports.
The 2M alliance between MSC and Maersk Line will, starting April, increase its capacity on Asia-Europe by 25 percent, and the significant volume expansion could trigger rate disruptions, writes analyst firm Alphaliner in its latest newsletter.
When the new container alliances and 2M launch their new sailing schedules on Asia-Europe a few weeks from now, shippers must expect fewer direct links and thus bigger needs for cargo reloading in ports, according to an analysis from SeaIntel.
Even though the individual carriers have clear vested interests in using ports in which they own stakes, they are often unable to control developments in the alliances, says Drewry in an analysis.
Selv om de enkelte rederier har klare interesser i at sejle til havne, som de har ejerandele i, kan de ofte ikke styre udviklingen i alliancerne, viser Drewry-analyse.
Maersk Line and MSC's South Korean collaboration partner Hyundai Merchant Marine will get a majority of the funds made available by the South Korean government to support the country's shipping and shipyard sector. The funds will be used to order new vessels, among other things.
The 2M alliance has upgraded its East-West network, a move characterized by the big changes that have taken place in the sector, according to MSC, including the recent slot agreement with Hamburg Süd. Find the complete, new network below.
With the container alliance HMM + K2 Consortium, Hyundai Merchant Marine is signaling that the company eyes opportunities for growth in intra-Asia rather than on the large trade routes, says Lars Jensen from Seaintelligence consulting.
The world's two largest container carriers have expanded their Pacific network, most recently on Dec. 26, causing problems for ailing South Korean partner Hyundai Merchant Marine, which according to Alphaliner is now left with an unrealistic growth plan.
Negotiations between Hyundai Merchant Marine and the 2M alliance, which consists of Maersk Line and MSC, have entered into the last stage in Copenhagen, writes Yonhap News.
South Korean Hyundai Merchant Marine's negotiations concerning the carrier's possible participation in the 2M alliance with Maersk Line and MSC have, according to a Korean news outlet, been fraught with problems. A meeting in Copenhagen on Tuesday could prove decisive.
Within the next two weeks, 2M carriers Maersk Line and MSC will be able to present an agreement with South Korea's Hyundai Merchant Marine, say sources with knowledge of the process to ShippingWatch. The South Koreans believe that HMM will join the 2M alliance.
International container carriers have to a large extent picked up Hanjin Shipping's market shares on the key Asia-US routes. This applies to Maersk Line and MSC's 2M alliance and Chinese Cosco, in particular, according to data from Busan Port Authority.
The 2M alliance between Maersk Line and MSC has increased its capacity by 30 percent on the Pacific since the collapse of Hanjin, but the partnership between the two carriers is starting to show some cracks in the foundation, notes Alphaliner.
Financial Controller - Hong Kong, Pacific Basin
Assistant Business Analyst at Ultrabulk A/S
HR Consultant (Part time) - Hafnia Tankers
Chartering Manager (Copenhagen-based) - BW Tankers
ShippingWatch is looking for a new reporter
Dry cargo Operator - XO Shipping
Senior Communications Partner - Norden
XO SHIPPING Seeking younger dry load chartering profile
Marine Superintendent - Humboldt Shipmanagement
We are seeking a new colleague for the Chartering Department
