2M starts trans-Pac services to build on post-Hanjin gains

2M starts trans-Pac services to build on post-Hanjin gains

The 2M's new services provide coverage to most of the west coast of North America.

The 2M Alliance of Maersk Line and Mediterranean Shipping Co. has introduced two new trans-Pacific services to capitalize on market share gains made since the Hanjin Shipping bankruptcy.

Since Hanjin failed, Maersk and MSC have increased their share of imports from Asia to the United States on a monthly basis, according to an analysis of data from PIERS, a sister product of JOC.com within IHS Markit. As of November, Maersk had a market share of 9.4 percent, while MSC had a share of 8.4 percent, increases of 0.57 and 0.73 percentage points from October, respectively.

The TP-9/Maple service is aimed at the Pacific Northwest while the TP3/Sequoia service will focus on the Pacific Southwest, according to industry analyst Alphaliner.

The Maple service succeeds a service by the same name introduced in September to pick up stranded Hanjin shipments, but the Maple service was discontinued after three sailings, Alphaliner said.

The Maple service launched Dec. 9 from Nansha with the Maersk Sentosa, which has a capacity of 7,250 twenty-foot-equivalent units. The service, which will turn in six weeks, will use ships of 5,900 to 7,200 TEUs, Alphaliner said. The Maple’s rotation is Nansha, Yantian, Ningbo, Shanghai, Busan, Prince Rupert, Vancouver, Busan, and Nansha.

The Sequoia service began Dec. 26 with the departure of the 8,400-TEU MSC Rania from Chiwan. The service, which will use ships of 5,000 to 8,400 TEUs, has a rotation of Chiwan, Yantian, Ningbo, Long Beach, and Chiwan.

The services could help the two container lines close the gap with current Asia import market leaders Evergreen Line and China Cosco Shipping. Evergreen had a market share of 11.9 percent in November, an increase of 0.07 percentage points from October, while China Cosco had a share of 10.4 percent, a decline of 1.04 percentage points.

Contact Dustin Braden at dustin.braden@ihsmarkit.com and follow him on Twitter: @dustin_joc.


The chase for market share and keeping rates low.