IMO has adopted the International Code for Ships Operating in Polar Waters (Polar Code) as well as associated amendments to International Convention for the Safety of Life at Sea (SOLAS).
Approval of 2M by US regulatory authorities will allow Maersk Line to return to plan for at least the next two years based on the deployment of triple-E ships on order and no more. But a head-on clash with a newly formed competitor may be in the works.
Mediterranean Shipping Co (MSC) could overtake Maersk Line to become the world’s largest container shipping company by 2016 according to analyst Alphaliner.
The Chinese government and the influential China Shipowners’ Association (CSA) have expressed concerns over the recently proposed 2M container shipping alliance between Maersk Line and Mediterranean Shipping Co (MSC).
Having been left out in the cold by Maersk Line and Mediterranean Shipping Co (MSC) the best option for CMA CGM could be an alliance with United Arab Shipping Co (UASC) and China Shipping Container Lines (CSCL), believes analyst Alphaliner.
The European Shippers Council (ESC) has expressed its concerns at the size of the proposed 2M vessel sharing agreement (VSA), suggesting that regulatory authorities impose similar conditions that were proposed for the P3 alliance.
The formation of the 2M agreement between MSC and Maersk answers some of the speculation since the collapse of the P3 alliance last month, but a fresh batch of questions have been created by the recent announcement.
Following the failure of the P3 alliance Maersk Line has announced a 10-year vessel sharing agreement with Mediterranean Shipping Co (MSC) on the Asia – Europe, transatlantic and transpacific trades.