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: Maersk news, carrier rankings and LA fire
27 Sep 2014
Maersk Line-related stories dominated on JOC.com this past week. The No. 1 container carrier again made news with more 2M developments, plans for new ship orders and comments from its CEO.
Maersk in Gothenburg
24 Sep 2014
Maersk Line and Mediterranean Shipping Co. have completed the self-assessment of their proposed “2M” vessel-sharing agreement for European regulators, ensuring compliance with European Union law.
Maersk, MSC in Hong Kong
23 Sep 2014
The 2M and O3 alliances likely will first lock horns in the Asia-Mediterranean trade, with planned increases in capacity threatening to unleash a rate war, according to analyst Alphaliner.
Zim container ship at Long Beach
22 Sep 2014
The European Shippers Council attacked the proposed 2M vessel-sharing agreement in a letter sent last week to the Federal Maritime Commission but is unlikely to convince the U.S. regulatory agency to reject the agreement involving the world’s two largest container lines.
22 Sep 2014
U.S. containerized trade increased 2.6 percent year-over-year in the first half of 2014, with just three carriers — Maersk Line, Mediterranean Shipping Co. and Evergreen Line — accounting for 28.4 percent of all trade.
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.