SM Line and 2M end transpacific partnership

South Korean carrier SM Line and 2M Alliance partners Maersk and Mediterranean Shipping Company (MSC) have ended their collaboration on routes from Asia to the west coast of the US.

MSC said in a customer advisory that the slot exchange deal would end with effect from May 8, 2022, consequently ending MSC’s slot agreement with SM Line commercialized as the “Rose” service. “Current services covered by MSC, and those of the 2M network, will offer alternative coverage,” the Geneva-headquartered liner added. Upon the end of the two-year partnership, SM Line will begin providing standalone container service, integrating three routes to the south of the US west coast.

The move comes hot on the heels of the collaboration breakup between 2M and Israeli carrier Zim on Asia-Mediterranean and Asia-Pacific NorthWest, which was terminated with effect from April 2022.

Commenting on the news via LinkedIn, container shipping expert Lars Jensen, the founder of Vespucci Maritime, said that it cannot be ascertained exactly why these changes are happening and very different reasons can be hypothesized.

“One reason could be that the 2M carriers would not want to make their network available to smaller carriers to the degree they have been in the past few years – especially not if they can fill their own vessels with highly profitable cargo.”

Source: Splash247

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