2M Alliance News

The containership allision that caused the collapse of the Francis Scott Key Bridge in Baltimore could cause "significant disruption" to shipping supply chains, according to industry analyst Xeneta.The 10,000 TEU Singapore-flagged Dali was operating on a 2M alliance service between Baltimore and the Far East when it struck the bridge around 1:35 a.m. on Tuesday, sending cars and people plunging into the river below."The immediate focus is the rescue operation, but there will clearly…

A major bridge collapsed in the U.S. port of Baltimore in the early hours of Tuesday after being struck by a container ship, plunging cars and as many as 20 people into the river below.Rescuers were searching for survivors in the Patapsco Riverafter huge spans of the 1.6-mile (2.57 km) Francis Scott Key Bridge crumpled into the water.As many as 20 people could be in the river along with "numerous vehicles, and possibly a tractor-trailer or a vehicle as large as a tractor-trailer…

Shipping industry majors Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called ‘Gemini Cooperation’, which will start in February 2025.The ambition is to deliver a flexible and interconnected ocean network with industry-leading reliability.The new cooperation between the companies will comprise a fleet pool of around 290 vessels with a combined capacity of 3.4 million containers (TEU). Maersk will deploy 60% and Hapag-Lloyd 40%, the shipping giants said.As a part of the agreement…

Container shipping firms MSC Mediterranean Shipping Company (MSC) and Maersk have mutually agreed to terminate, effective in January 2025, their 2M alliance.2M is a container shipping line vessel sharing agreement (VSA) introduced in 2015 " with the aim of ensuring competitive and cost-efficient operations on the Asia-Europe, Transatlantic and Transpacific trades."In a joint statement on Wednesday, CEO Vincent Clerc of A. P. Moller - Maersk, and CEO Soren Toft of MSC said:“MSC and Maersk recognize that much has changed since the two companies signed the 10-year agreement in 2015.

Net Income of $4.65 Billion, Adjusted EBITDA  of $6.60 billion, and Adjusted EBIT of $5.82 billionAs the containershipping industry enjoys its greatest boom of a generation, ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced its consolidated results for the three and 12 months ended December 31, 2021.Net income for the fourth quarter was $1.71 billion (compared to $366 million in the fourth quarter of 2020), a year-over-year increase of 366%, or $14.17 per diluted share…

The containership Maersk Athabasca has diverted to Vizhinjam, India due to a suspected COVID-19 outbreak on board while en route from Tanjung Pelapas, Malaysia to Colombo, Sri Lanka.Mediterranean Shipping Company (MSC) said Monday it was informed of the diversion by its partner Maersk. The Singapore-flagged Maersk Athabasca is deployed on MSC's elephant service, under Maersk and MSC's 2M Alliance.Maersk confirmed that several crew members have tested positive for coronavirus,…

Mediterranean Shipping Company (MSC) said one of its containerships has had to pause its China-U.S. voyage after a fuel problem gave rise to engine problems on board the 366-meter vessel.The Panamanian-flagged containership MSC Ariane had to stop at sea on April 2 due to an engine issue caused by "bad quality of fuel", MSC said.Maersk, MSC's partner under the 2M Alliance, said a tugboat with spare parts has reached the vessel and began towing it toward Japan for repair. The stricken box ship is expected to reach Wakayama on April 7.MSC Ariane is deployed as part of MSC's Pearl service rotation (Vung Tau – Hong Kong – Yantian – Xiamen – Los Angeles).

The container shipping segment appears to have caught coronavirus, with the industry suffering its first monthly fall in long-term contracted ocean freight rates since October 2019. According to the latest XSI Public Indices report from Xeneta, March 2020 saw a small dip of 0.5% in rates after a sustained period of growth. Although these symptoms look mild, the future is characterized by growing uncertainty, with widespread economic disruption and looming global recession likely…

Israeli international cargo shipping company ZIM Integrated Shipping Services continued to record improvements and to expand its global network to its customers confronting  challenging business environment.ZIM has reported a net profit of USD 5 million for the third quarter of 2019, after returning to black in the second quarter of the year. (Compared: Net loss of $6.6 million in Q3 2018).Eli Glickman, ZIM President & CEO, said: “In spite of the challenging market conditions, ZIM continued to record improved results in Q3, as it did throughout 2019. While the challenges in the market endure, the advantages gained by our global strategic…

Israeli container line ZIM Integrated Shipping Services Limited reported a total revenues of  $834.3 million in Q2 2019, reflecting an increase of 3.9% compared to $803.2 million in Q2 2018.In Q2 2019, ZIM carried 731 thousand TEUs, the second highest ever carried volume (reflecting a decrease of 5.3% compared to 772 thousand TEUs in Q2 2018, ZIM’s all-times record), said a press note.The container shipping industry is dynamic and volatile and has been marked in recent years by instability, characterized by volatility in freight rates and bunker prices, as a result of ever-changing market environment and the extensive activity of mergers and acquisitions that also led to reorganization of the global alliances.The instability and volatility in the market…

Container volume at Port Houston surged in the first half of 2019, rising 12 percent compared to that period last year. According to the Executive Director Roger Guenther the port facilities have handled nearly 1.5 Million TEU through the first half of 2019.The Houston ship channel also said in a press release that , the Port Commission awarded a contract not to exceed $39.7 million to Archer Western Construction, the top-ranked proposer among four finalists. A total of 53 companies downloaded materials about the project.The planned expansion of the truck gate at Port Houston’s Barbours Cut Container Terminal is set to begin after approval of a contract for the work by the Port Commission, it said.The project consists of about 23 acres of new pavement at the existing Barbours Cut Terminal.

The deep water port on the shore of the Pearl river (aka Zhujiang River), in the Nansha District in the Southern China, Port of Nansha doubled direct connection with North Europe and West Africa.The first navigation ceremony was held at the dock site on  July 28, as the first sailing of Elly Maersk in port of Nansha marked a new upgrade of AE7/CONDOR of 2M alliance from Asia to Europe.On this service 2M alliance deploy 12 vessels of 14 to 18 thousand TEU, calling Nansha on every Sunday. The calling list as below: Ningbo -  Shanghai - Nansha - Yantian -Tanjung pelepas – Port Tangier - Rotterdam - Hamburg - Antwerp – London - Le Havre – Port Tangier - Salalah - Abu Dhabi - Jebel Ali - Ningbo.Port of Nansha…

The global container shipping line Zim Integrated Shipping Services Ltd (Zim) announced a further expansion of its strategic cooperation with the members of the 2M Alliance, Maersk & MSC, to the Asia - US Gulf Trade."The new services, catering for both Central and South China and South Korea, offer significant advantages for customers, including direct connections to major ports in Asia and the US Gulf; best-in-market transit time with reliable dedicated service; Two weekly cutoffs in Houston & Mobile to better serve growing US exports requirements," said a press note from the biggest cargo shipping company in Israel.Eli Glickman, ZIM President and CEO said: "This is the third phase of our tightening cooperation with the 2M Alliance, now extending to four major trades.

The Israel-headquartered container carrier Zim Integrated Shipping Services (ZIM) reported  a first-quarter net loss of $17.5 million compared with a net loss of $26.1 million in the first quarter of 2018.The global container shipping company said in a stock exchange annoucement that its first-quarter revenues were $796.2 million, an increase of 6% over the $751.4 million reported for the first quarter of 2018.In Q1 2019, ZIM carried 668 thousand TEUs (reflecting a decrease of 4.3% compared to Q1 2018), it said.The container shipping industry is dynamic and volatile and has been marked in recent years by instability, characterized by volatility in freight rates and bunker prices…

With the arrival of the MSC Trieste,  Contship’s La Spezia Container Terminal  (LSCT) greeted the maiden voyage of the “revised” Dragon/AE20 service from Asia operated by 2M joint partners, MSC and Maersk Line.Like its predecessor, the service calls La Spezia as its first gateway port call in the West Mediterranean, taking advantage of the connectivity throughout Italy as well as southern Europe.The number of port calls in the rotation has been reduced to improve schedule integrity and overall service efficiency. Built in 2011 and over 365m in length the MSC Trieste has a deadweight of almost 155,000 tons and a nominal capacity of 13…

The Jacksonville Port Authority (JAXPORT), an international trade seaport on the St. Johns River in Jacksonville, Florida, set a new port record today with the arrival of the ZIM vessel Kota Pekarang, the largest container ship to ever call Jacksonville.The 11,923-TEU (container) vessel is operated by ZIM on a service offered by the 2M Alliance, comprised of Maersk, MSC, Hamburg Süd and strategic partners HMM and ZIM.The Kota Pekarang, which transited the Panama Canal from Northeast Asia before reaching the U.S. East Coast, discharged and loaded cargo at JAXPORT’s Blount Island Marine Terminal.This port call comes a little more than one month after the previous largest ship to ever call JAXPORT – the 11,000 TEU ZIM vessel Cape Sounio – docked at Blount Island on March 18.

North Carolina Ports made history Monday by welcoming its first-ever 12,000 TEU vessel to the Port of Wilmington.The ship, Kota Pekarang, is the largest capacity-wise to call the port. The Kota Pekarang is operated by ZIM in partnership with the 2M Alliance which links Asia to Wilmington.“This is a monumental milestone for North Carolina Ports and the Port of Wilmington,” said Paul J. Cozza, Executive Director, North Carolina Ports. “This is proof of concept that we are big ship…

Canada's Port of Prince Rupert, and DP World Prince Rupert announced a new weekly marine carrier service at the Fairview Container Terminal.ZIM Integrated Shipping Services (ZIM) partnered with the 2M Alliance and has added Prince Rupert as one of their port destinations.With a global reach to over 100 countries, the new ZIM service has made its inaugural call at the Port of Prince Rupert on Wednesday, March 27, 2019 with the arrival of ZIM containers on the Maersk Altair vessel.“The Prince Rupert Port Authority is proud to welcome ZIM. The addition of ZIM to the Port of Prince Rupert further validates the Prince Rupert advantages of speed, reliability and reach.

The biggest cargo shipping company in Israel, Zim Integrated Shipping Services Ltd (ZIM) reported a revenue of nearly $3.25 billion in 2018, the highest in the last 4 years, reflecting an increase of 9.1% compared to $2.98 billion in 2017.However, the global container liner had a net loss in 2018 of $119.9 million, including an impairment loss of $38.0 million with respect to vessels classified as held for sale, compared to net profit of $11.4 million in 2017.Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) were $145.3 million in 2018, compared to $270.1 million in 2017.The container shipping industry is dynamic and volatile and has been marked in recent years by instability…

The Jacksonville Port Authority (JAXPORT) and terminal operator SSA Atlantic on Monday afternoon welcomed the largest container ship to ever visit Jacksonville.JAXPORT set a new port record today with the arrival of the ZIM vessel Cape Sounio, the largest container ship to ever call Jacksonville, claimed a press release.The 11,000-TEU (container) vessel is operated by ZIM on a service offered by the 2M alliance. The 2M alliance is comprised of Maersk, MSC, Hamburg Süd and strategic partners HMM and ZIM.The vessel, which transited the Panama Canal from Asia before reaching the U.S. East Coast, loaded and offloaded cargo at JAXPORT’s Blount…

The sound part of the vessel Maersk Honam, which was hit by a serious fire last year, is being transported to Hyundai Heavy Industries Shipyard in South Korea, where it will be rebuilt. The sound section of Maersk Honam was successfully loaded aboard the heavy-lift vessel Xin Guan Hua on open waters outside Dubai (UAE) on Saturday, 2 February. It was expected to pass Singapore Strait on Monday, 18 February 2019. The heavy-lift vessel will deliver the 228.5-metres-long section from midship to stern at Hyundai Heavy Industries Shipyard in South Korea in March…

South Korea's largest shipping firm Hyundai Merchant Marine (HMM) is likely to part ways with the 2M Alliance which will expire in April 2020 and join  a new ocean alliance said a local media report.According to a report in Business Korea, the 2M Alliance (consists of Maersk Line and MSC) is disadvantageous to HMM as it is not a full member of the alliance. HMM's status fell as the 2M Alliance inked a partnership deal with Israel's Zim Integrated Shipping Services, the report said.Under an agreement signed in 2016 2M agreed that it would accept HMM as a full membership company based on an assessment of HMM’s financial structure and liquidity improvement.The report quoting  industry analysts said that given current situations into account…

ZIM Integrated Shipping Services (ZIM) reported total revenues were $803.2 million in Q2 2018, compared to $745.7 million in Q2 2017, an increase of 7.7%. It  carried 772 thousand TEUs, an all-time record (reflecting a growth of 17.1% compared to Q2 2017).However, the operating cash flow was $52.6 million, compared to $88.9 million in Q2 2017.Eli Glickman, ZIM President & CEO, said: “Q2 2018 was characterized by the continued rise in fuel prices and chartering rates, as well as low freight rates, all with a negative impact on the results of carriers, including ZIM."Eli added: "In spite of these adverse circumstances, we were able to increase liftings, maintain exceptional service to our customers and record an adjusted EBIT margin above industry average.