2M MSC Maersk Alliance Maersk Line and Mediterranean Shipping Company, respectively the first and second largest shipping company in the world market for scheduled services cooperating since 10 January 2015 under the 10-year vessel sharing agreement called “2M” covering all east-west maritime traffic of the two carriers, today announced a reorganization of the lines connecting...Read More
The 2M Alliance carriers’ TP12Empire will become an eastbound around-the-world service in September, instead of using the Suez Canal in both directions. 2M Alliance members Maersk Line and MSC said they will take advantage of the new lane in the Panama Canal by transforming the TP12/Empire service in to a standalone, around-the-world service instead of...Read More
FMI: The restructuring of Korean Shipping could cost $27b The total cost of bankruptcies and bailouts in the shipping and shipbuilding industry in South Korea could also translate into layoffs and layoffs for about 10,000 workers, according to a recent report by the International Monetary Fund. The total cost of restructuring firms in difficulty in...Read More
