2M service starts in January 2015

By Finance

The new vessel sharing 2M service is going to be launched as early as January 2015, according to the plans of Maersk Line. The customers of the network and transit times will be notified by the next month.

A month after the blocking of the P3 network (Maersk, MSC and CMA CGM) by China, Maersk and MSC reached and agreement on vessel-sharing.

According to Jens Eskelund, Maersk China’s Managing Director, the Ministry of Transport in China has been notified about the 2M alliance. In a briefing held on Wednesday in Shanghai he also added that the 2M did not need ministry approval.

Shang Ming, general director of the anti-monopoly bureau with the Commence Ministry, expressed his concerns regarding the alliance. He said this could lead to eroding the China's firms power to bargain against big shippers.

According to Jens Eskelund, the shares held by the 2M on the Asia-Europe route and the other shipping alliances would be similar.

“Other alliances have been able to operate similar market shares to the ones that we will have on Asia-Europe,” he added.

2M alliance

The Asia-Europe route is also operated by the CKYHE and G6 alliances. The first includes Chinese, South Korean and Taiwanese shipper. G6 comprises 6 companies, the biggest are Nippon Yusen KK and Neptune Orient Lines Ltd.