2M

Maersk Line and Mediterranean Shipping Co. have announced plans for a 10-year vessel-sharing agreement  on the Asia-Europe, trans-Pacific and trans-Atlantic trades as the carriers strive to better utilize capacity in the wake of the failed bid to launch the P3 Network.

The vessel-sharing agreement will be referred to as 2M and will replace all existing vessel and slot purchase agreements that Maersk Line has in these trades. It is slated to take effect in early 2015, but the exact start date depends on the filing of information to the relevant authorities in the many jurisdictions that will be covered by the carriers, and in some cases the VSA will require regulatory approval. 

Weekly wrap-up: Mega-alliances, LA-LB issues and trucking growth
20 Sep 2014
Issues at the Los Angeles-Long Beach were on JOC.com readers’ minds this week, along with mega-alliances and growth in the trucking industry.
19 Sep 2014
Maersk Line CEO Soren Skou on Friday discussed the proposed “2M’ vessel-sharing agreement with China’s Ministry of Commerce, as the carrier works to avoid a repeat of the rejection that it received from Chinese regulators for its proposed P3 alliance in June.
18 Sep 2014
The emergence of four large alliances among the world's largest container shipping lines is creating a two-tier market that could doom smaller carriers to hanging on to niche trades or going out of business.
18 Sep 2014
Maersk Line and Mediterranean Shipping Co. today released the 2M Alliance’s tentative 2015 east-west network, including port rotations, arrivals and departures and transit times.
MSC container ship
16 Sep 2014
Executives from Maersk Line and Mediterranean Shipping Co., in an attempt to expedite the U.S. approval process, met with a U.S. Federal Maritime Commissioner last week to address questions regarding their proposed “2M” vessel-sharing agreement.
15 Sep 2014
New global alliances of container ship lines could produce a retaliatory surge in large-ship orders by competitors in 2016-2018, according to a research report by Bank of America Merrill Lynch analysts.
15 Sep 2014
The final piece of the puzzle, completing the circle –– container shipping analysts were searching for expressions to describe the Ocean Three alliance that was announced last week. But Drewry and SeaIntel were both in agreement that the alliance between CMA CGM, CSCL and UASC would see Ocean Three slot in just behind the 2M tie up of Maersk Line and MSC and see both alliances outpacing the rival networks of G6 and CKYHE.
Hapag-Lloyd's Hamburg Express container ship
14 Sep 2014
Container freight rates will stabilize and may trend upward over the next few years despite the existing overcapacity of vessel space because of the expansion of existing carrier alliances and the creation of new ones, according to Rolf Habben Jansen, CEO of Hapag-Lloyd.
Wrap-up
13 Sep 2014
A new carrier alliance entered the fray this week after weeks of feverish speculation.
Ships
10 Sep 2014
Container lines in coming years will continue to order larger ships and switch membership in vessel-sharing alliances in a desperate game of survival...
10 Sep 2014
A massive shift in market share on the east-west trades is in the pipeline as the order book of the Ocean Three (O3) and 2M alliances will see their combined megavessel capacity eclipse that of their more established G6 and CKYHE rivals.
09 Sep 2014
The “Ocean Three” Alliance among CMA CGM, China Shipping and United Arab Shipping Co. came together quickly after the formation of the “2M” vessel sharing agreement between Mediterranean Shipping Co. and Maersk, a deal that left CMA CGM seeking an alliance partner.