Maersk: 2M Stable amid Alliance Turbulence


Vincent Clerc, Chief Trade and Marketing Officer for Maersk Line, has stated that although the shake-up of three of the main alliances will have an effect on beneficial cargo owners, there may be a silver lining for them in the long-term as it will depend on the network choices of each alliance, according to the Journal of Commerce.

Mr Clerc said: “The redesign of networks of the magnitude they are talking about will be disruptive for the customer in the short term because if a carrier moves from one alliance to another, both alliances need to redo their networks.

“Capacity will vary from week to week for a while and products will change and so on. But in the long run, it all depends on the network choices that each of the alliances makes, so it could be good.”

It was previously reported that China Shipping and Cosco’s new entity COSCOCS had recently come into operation, which has caused a big shake up among the existing alliances.

Despite this, Mr Clerc is positive that Maersk’s 2M alliance with MSC will be unaffected.

Technical Paper: Tackling the Biggest Alliances

He said: “The 2M is stable and will remain stable and will continue to work when the alliance shakeup is being discussed.

“It’s a sign that the industry is under a lot of pressure to find cost savings and synergies because the rates are under pressure.

“In an industry where scale benefits are an important component of production costs for a lot of lines, the incentive to pursue mergers and acquisitions has increased and you are seeing this play out now.”

The dynamics of the shipping market have recently taken another turn, as third-largest shipping line CMA CGM announced that it is set to form its own mega-alliance with Hong Kong based shipping line OOCL, Evergreen and COSCOCS, which will further complicate the market.

The new alliance is currently looking to add another two shipping carriers to its line-up, which is anticipated to provide them with an additional three million TEU.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Be listed with industry leaders operating within Ports and Terminals

Webinar Series

Join 500+ attendees on average with a Port Technology International webinar

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.