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Shippers to study 2M agreement

The shippers are generally in favor of VSA agreements, which several customers according to Global Shippers Forum are looking for in an effort to secure improved service. But like the European shippers, the GSF will now study the 2M agreement ahead of regulatory approval.

The new 2M collaboration between MSC and Maersk Line, following the collapse of P3, can expect to be studied thoroughly by the various interest groups for shippers - the Global Shippers Forum (GSF) and European Shippers' Council (ESC).

According to a statement, the European shippers fear that 2M - even though it is now "only" Maersk and MSC - will still have a market share of 35 percent on Asia - Europe, which could lead to concerns, says the organization. As such, the competition authorities need to thoroughly scrutinize the agreement.

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