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Cargolux reports “best year in history”
LUXEMBOURG, GD: April 25, 2018. Cargolux says it h...

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Record 2018 start for Port of Wilmington
WILMINGTON, NC: April 24, 2018. North Carolina Por...

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IAG Cargo acknowledges World Immunisation Week
LONDON/MADRID: April 24, 2018. IAG Cargo is markin...

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Liverpool provides Scottish shortbread US access
PORT OF LIVERPOOL, UK: April 23, 2018. Peel Ports ...

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Nor Lines adds Rotterdam to LNG-powered Norway service
ROTTERDAM: April 22, 2018. Nor Lines, a subsidiary...

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AAL adds to its European agency network
SINGAPORE: April 19, 2018. Breakbulk and project c...

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DFDS to acquire Turkey's U.N. Ro-Ro
COPENHAGEN: April 18, 2018. European short-sea RoR...

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Etihad Cargo supports bustard relocation
ABU DHABI: April 18, 2018. In the past three years...

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Cargolux reports “best year in history”
Record 2018 start for Port of Wilmington ...
IAG Cargo acknowledges World Immunisation Week
Liverpool provides Scottish shortbread US access
West Atlantic to operate Boeing's first converted 737-800...
Nor Lines adds Rotterdam to LNG-powered Norway service...
AAL adds to its European agency network
DFDS to acquire Turkey's U.N. Ro-Ro
Etihad Cargo supports bustard relocation

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PRESS RELEASE:

July 10, 2014: MSC Mediterranean Shipping Company S.A. is pleased to announce a 10 year Vessel Sharing Agreement with Maersk Line that will cover the three main East-West trade lanes: Asia-Europe, Trans-Pacific and Trans- Atlantic.

It will replace all current VSAs and slot purchase agreements that MSC has with Maersk Line on these trades.
This new VSA service co-operation will be known as 2M and will provide approximately 185 vessels operating 21 strings.

MSC"MSC is pleased to have reached this agreement with Maersk Line. It represents another positive step in our continual drive to enhance our operational network in terms of scope, scale, efficiency and reliability. Our customers will be able to enjoy these benefits alongside the world class customer service that has been the cornerstone of our business since our formation in 1970." says Diego Aponte, MSC Vice President.

Mr Aponte continues "The 2M Vessel Sharing Agreement will enable us to achieve significant reductions in fuel consumption, driving down the carbon footprint of our shipping operations. With sustainability a key area of focus for MSC, we're delighted that this vessel sharing agreement will mean major cuts in emissions while simultaneously enhancing our service to customers."

Unlike P3, this VSA cooperation agreement will have a smaller combined market share and operate just as a VSA without any separate independent organisation with executive powers managing this network.

  • The VSA will improve the network efficiency and allow for lower slot costs through improved utilisation of vessel capacity and economies of scale.
  • The VSA will provide more sailings and direct port pairs.
  • The VSA includes 185 vessels with an estimated capacity of 2.1 million TEU on 21 strings in the Asia Europe, Transatlantic (Europe – US East Coast) and Transpacific (Asia – US East & West Coast) trades.
  • The 21 strings are split as follows: Asia/North Europe: 6, Asia/Mediterranean: 4, Asia/US West Coast: 
4, Asia/US East Coast: 2, North Europe/USA: 3, Mediterranean/USA: 2. Maersk Line will contribute with approximately 110 vessels with a nominal capacity of app. 1.2 million 
TEU (55% of the total capacity).
  • MSC will contribute with approximately 75 vessels with a nominal capacity of app. 0.9 million TEU 
(45% of the total capacity).
  • Vessels deployed in the VSA will continue to be operated by the two individual lines.
  • The VSA does not include joint marine operations. Each party will thus execute their own operations 
including stowage, voyage planning and port operations.
  • The VSA does not include any commercial tasks or responsibilities.

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