-->
The end of a shipping alliance between two of the world’s largest container lines could pave the way for more competition and lower rates in ocean shipping. Maersk and MSC said last month that they would not continue their 2M alliance once it expires in 2025. The vessel-sharing agreement, which began in 2015 and propmpted a wave of consolidation in the industry, allowed the two companies to better manage capacity by pooling cargo. Although the 2M alliance has drawn scrutiny from federal regulators over potential <a href="https://www.fmc.gov/new-monitoring-requirements-give-fmc-more-insight-into-alliance-carrier-operations/">anticompetitiveness issues</a>, the carriers say they decided to end their agreement as they pursue individual strategies. Maersk, for example, has invested heavily to expand beyond ocean shipping and become an end-to-end supply chain provider. Source: <span id="OBJ_PREFIX_DWT378_com_zimbra_url" class="Object" role="link"><a href="http://www.supplychaindive.com" target="_blank" rel="nofollow noopener noreferrer">www.supplychaindive.com</a></span>
Find out more on the blog section of our page.
Management at LimakPort Iskenderun, the Turkish container terminal badly battered in this month’s mega earthquake, have said it will take around three months to get operations back to normal. Th
Mr P. L. Haranadh, Chairman, Syama Prasad Mookerjee Port, Kolkata (SMP, Kolkata) has highlighted that the port handled an all-time high cargo traffic of 54.254 million tonnes (mt) during April 2022 to
Swiss/Italian container carrier Mediterranean Shipping Company (MSC) has announced the following freight rates, which will be effective from 1 March 2023 until 31 March 2023. Port of loading Port o
COSCO’s Orient Overseas Container Line (OOCL) is poised to usher in the first of the new generation of ultra-large containerships (ULCV) as the industry moves beyond the 24,000 TEU hurdle. The f
The end of a shipping alliance between two of the world’s largest container lines could pave the way for more competition and lower rates in ocean shipping. Maersk and MSC said last month that t
On Thursday, February 16, Maersk revealed that they are scouting for another location to berth their Singapore-flagged tanker Maersk Magellan after being denied entry to the Tarragona port. The vessel
Foreign containerships calling at Chittagong are facing long delays before they can load containers at the port. Under the Bangladesh Flag Vessels Protection Act 2019, and more recently implemented ru
The 225,000 square metre facility will provide Maersk’s customers extensive infrastructure for warehousing and distribution, cold storage, e-commerce and serve as a hub for transhipment, petroch
