2M, HMM Officially Launch Cooperation Deal

Image Courtesy: HMM

The heads of Maersk Line, Mediterranean Shipping Company (MSC) and Hyundai Merchant Marine (HMM) signed an agreement on March 15 thereby officially launching the parties’ strategic cooperation on East-West trades.

This strategic cooperation between 2M and HMM, has a length of three years with an extension option, includes a series of slot exchanges and slot purchases on East-West routes, as well as Maersk Line and MSC taking over a number of charters and operations of vessels currently chartered to HMM.

“We are very proud of our strategic cooperation with Hyundai Merchant Marine, Korea’s leading container shipping company,” Robbert van Trooijen, Maersk Line’s Asia-Pacific Chief Executive, said.

“We believe this strategic cooperation to be a win-win for all parties. Maersk Line’s customers will have greater options on Trans-Pacific trades and HMM’s customers will be able to leverage Maersk Line’s strong Asia-Europe products,” van Trooijen added.

The deal was signed some three months after the parties agreed to enter the strategic cooperation.

The strategic cooperation will enable the company “to enhance our 2M network and presence in the important Transpacific trade,” Søren Toft, Chief Operating Officer, Maersk Line, earlier said.

In December 2016, the parties informed that the agreement is scheduled to begin in April 2017 subject to regulatory approval.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2017 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

DSM17

Donsö Shipping Meet 2017 is an all inclusive exhibition. Meals, electricity, meeting schedule and banquette dinner is included…

read more >

TOC Europe

TOC (The Terminal Operations Conference) has long been considered best in class by container terminal operators and their suppliers…

read more >

Marine Philippines 2017

The 4th edition of PHILIPPINES MARINE 2017, SHIPBUILD PHILIPPINES 2017 and OFFSHORE PHILIPPINES 2017 is the only specialized Shipbuilding…

read more >

Bunkering Week 2017

IBC’s biennial Bunkering Week is back with its successful series of 3 co-located events: 8th Bunkering in Asia, 4th LNG Bunkering and EMTECH: Ship Emissions Technology Conference.

With a proven track record of bringing together top decision makers from various industry sectors, this remains the go to event for ship owners, fuel suppliers, traders and technology solution providers. Get in-depth and detailed market insights from experts who are taking the decisions, assess peer strategies and give shape to your own in this unrivalled gathering of shipping and marine fuel industry leaders.

Key Highlights for 2017:

* 3 Co-located Conferences

* 12+ Hours of Networking Time

* In-depth Review of Shipping Markets by Segment

* Ship Owner Positions on Emissions Compliance Scenarios

* Pricing Differentials and Availability across Different Fuels

* Technology and Analytics in Fuel Management and Emissions MRV

More info

read more >