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International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
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International Shipping |
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| Capacity shortage brings Maersk and MSC together again |
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Date:2024-05-20 Readers:
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In January last year, Maersk announced that the 2M alliance with MSC will be dissolved in January 2025, and then both parties quickly started to operate independent routes!
However, with the intensification of the Red Sea crisis and the re-routing of ships to consume a large amount of capacity, the independent operation of the route seems to be a little bit unable to cope!
Recently, due to the shortage of capacity, Maersk has started to increase the joint routes with MSC!
Following the announcement of the break-up of the 2M alliance, Maersk's joint Asia-Europe routes with MSC have all but disappeared and the number of independent Far East to Europe routes operated by just one carrier, either Maersk or MSC, has begun to diminish, according to MDS Transmodal.
By the end of 2019, the number of standalone routes on Far East-Middle East and Indian Subcontinent routes will be almost nil before arriving at European destinations, rising to 41 per cent during the epidemic and 53 per cent by the fourth quarter of 2023.
Following the announcement that the 2M Alliance would end its operations, the pace of separation of the two carriers' operations rose rapidly to 90 per cent and reached 100 per cent in the second quarter of last year.
imageA similar separation of services was seen on the direct route from the Far East to Europe, with single carrier services reaching 95 per cent by the fourth quarter of 2023.
However, the number of joint Maersk and MSC services has increased significantly as Houthi attacks on transiting vessels have seen Red Sea vessels diverted to the vicinity of the Cape of Good Hope.
On the Far East-Europe trade, MDS data shows that 14 per cent of services are now joint, compared to 12 per cent of Far East-Europe services with transhipment port calls in the Middle East and subcontinent as of the second quarter of this year.
Antonella Teodoro, an analyst at MDS Transmodal, noted, "Looking at these figures, Maersk is investing less in its vessels and when they have to move them to the Cape of Good Hope, it seems that they don't have enough capacity to move all the services."
MDS Transmodal added that its data showed that some capacity had been redeployed from the North Atlantic service to the Asia to Europe trade, suggesting that the Red Sea diversion was affecting other regions, despite the influx of new vessels over the past year and a half.
In addition, Teodoro believes that Maersk and MSC may continue to enter into some vessel sharing agreements (VSAs) even after their alliances have been dissolved and even after the Gemini partnership with Hapag-Lloyd has begun operations.
"These lines may be looking for some kind of balance as to when the alliance finally ends," he noted.
https://www.cnss.com.cn/html/hyqy/20240520/353290.html
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