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. 

Maersk McKinney-Moller
19 Aug 2014
Maersk Line and Mediterranean Shipping Co. do not require regulatory approval from China for their proposed “2M” vessel sharing agreement on the east-west trades, Maersk Line said today.
Bremerhaven
06 Aug 2014
The U.S. ocean container trade via European ports, including transshipments, increased 3.8 percent year-over-year to 4.6 million laden 20-foot-equivalent units in the 12 months ending March 2014, according to PIERS, the data division of JOC Group.
Weekly wrap-up for August 2, 2014
02 Aug 2014
Port Metro Vancouver’s penalty system for terminals is cutting truck turn times and drawing attention from other North American ports struggling with drayage challenges. And congestion seen earlier this year at Rotterdam has continued, prompting diversions and surcharges, and the congestion is spreading to other ports in the North Europe range.
China
28 Jul 2014
If the negative portrayal by China’s state broadcaster of the proposed 2M tie-up between Maersk Line and Mediterranean Shipping Co. this weekend has official backing, it could be an indication of internal political pressure to shield Cosco and China Shipping Container Lines from a stronger competitor.
Images for weekly wrap-up
26 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association met for three days this past week without concluding negotiations; at the weekend, the parties announced a week-long recess in the talks. German carrier Hamburg Süd announced plans to acquire the container operations of Chile’s CCNI, in a move resembling the deal between larger competitor Hapag-Lloyd and Chile’s CSAV, and Crowley is reported to be in talks to acquire Horizon Lines’ Puerto Rico assets. Earnings reports by U.S. truckload carriers are pointing to a stronger freight recovery in the United States, though rail service continues to be held back. And on Friday, Anne S. Ferro announced her departure from the Federal Motor Carrier Safety Administration after five years leading the agency.
MSC container ship
21 Jul 2014
China’s rejection of the P3 alliance dealt a blow to the idea of a mega-alliance, but the aftermath has paved the way for a variety of smaller vessel-sharing agreements to enter the market.
CMA CGM Corte Real at the Port of Long Beach
14 Jul 2014
United Arab Shipping Co. and China Shipping Container Line are the “most obvious” partners for CMA CGM after the French ocean carrier was excluded from the recently unveiled 2M alliance between Maersk Line and Mediterranean Shipping Co., according to Drewry Maritime Research.
12 Jul 2014
Shipper groups began to react cautiously to the planned 10-year vessel-sharing agreement proposed by Maersk Line and Mediterranean Shipping Co. on east-west trades, dubbed “2M.”
Weekly wrap-up for July 12, 2014
12 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association surprised watchers by announcing a 72-hour hiatus in their negotiations so that the union could deal with unrelated talks in the Pacific Northwest, and by extending the expired coastwide contract during the suspension of negotiations.
MSC vessel
11 Jul 2014
How much market share Maersk Line and Mediterranean Shipping Co. would control through the 10-year vessel sharing agreement they announced on July 10 will largely determine whether the pact meets a similar fate to that of the P3.
2M infographic thumbnail
10 Jul 2014
The world’s two biggest container lines today announced plans to launch a 10-year vessel-sharing agreement, dubbed 2M, to cover more ports with direct services and improve efficiency through better utilization of vessel capacity and economies of scale.
10 Jul 2014
With the body of the failed P3 Network still warm, the world's top two carriers have announced a new global agreement without CMA CGM.