M2 less worrying than P3, say European shippers

The European Shippers’ Council (ESC) described the proposed M2 vessel sharing agreement between MSC and Maersk on the East-West trades as “less worrying for shippers than the now cancelled P3 consortium between MSC, Maersk and CMA CGM. Ot pointed out, however, that the two carriers would have a market share of around 35% between Asia and Europe – a high enough threshold to be of interest to the competition authorities. There ... [+]

P3 becomes 2M as Maersk and MSC sign new deal

MSC Mediterranean Shipping Company has signed a ten-year vessel sharing agreement (VSA) with Maersk Line on the three main east-west trade lanes: Asia-Europe, Trans-Pacific and Trans-Atlantic. It will be known as 2M and will provide about 185 vessels operating 21 strings, with around 2.1 million teu total capacity. It comes in the ... [+]

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