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MAERSK AND MSC ANNOUNCE NEW EAST-WEST COOPERATION - 2M

MAERSK AND MSC ANNOUNCE NEW EAST-WEST COOPERATION - 2M

Maersk Line and MSC have announced a plan to implement a 10 year vessel sharing agreement (VSA) on the Asia-Europe, Transatlantic and Transpacific trade lanes.

The two carriers have stated the VSA would be referred to as 2M  and would be significantly different to the P3 alliance which was blocked by the Chinese authorities.

The alliance is due to commence in 2015 and will include 185 vessels with an estimated capacity of over 2 million teu. It has been stated the main objective of this agreement will be to improve the efficiency of the Maersk Line / MSC networks by better utilisation of vessel capacity and economies of scale.

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