13 October 14

European Shippers’ Council: “M2 alliance bad for business”

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London – The European Shippers’ Council (ESC) argues that the U.S. approval of the Maersk and MSC’s so-called M2 alliance is bad for business. Representing the freight transport interests (by all modes of transport) of business in Europe, the ESC thinks the vessel sharing agreement M2, that will consist of 185 vessels with an estimated capacity of 2.1 million TEU, can reach around 35% of market shares between Asia and Europe. This 35% threshold is enough to require some railing from competition authorities. According to the ESC, the free choice of shippers should be and remain the highest priority. Individual shipping lines have to distinguish on price, service levels and routing.

Souce: The Medì Telegraph