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US Federal Maritime Commissioner Doyle okays Maersk scheme with caveat
US Federal Maritime Commissioner William Doyle has voted for the lastest Maersk-CMA-Hyundai scheme, while warning shippers to beware because it is different from the previously approved 2M alliance.
"I voted to allow the agreement styled the 'Maersk/MSC/HMM Strategic Cooperation Agreement' to go forward. However. . . shippers should understand that the terms and conditions set-out in the 2M Alliance agreement are not available to shippers under this new agreement," he said.
"Indeed, in the Maersk/MSC/HMM strategic cooperation agreement there is no reference to 2M anywhere in the agreement," he said.
In mid-December 2016, Maersk Line announced that, together with its 2M Alliance partner MSC, it was entering into a Strategic Cooperation with Hyundai Merchant Marine (HMM).
Said Maersk: "2M cargo will however only be loaded onto HMM vessels with customers' express agreement - and only on the HMM operated service that is part of the Asia to US west coast slot swap agreement. These HMM services are not part of the 2M network today."
MSC said much the same: "The agreement primarily sees Hyundai purchasing slots on 2M vessels with the 2M partners also purchasing a number of slots with Hyundai on selected routes. The detail of the agreement, its structure and guarantees have been carefully considered with this in mind."
Shippers are advised that they should review their options with all ocean carriers. Make sure you know which actual ocean carrier vessel will carry your goods.
"I voted to allow the agreement styled the 'Maersk/MSC/HMM Strategic Cooperation Agreement' to go forward. However. . . shippers should understand that the terms and conditions set-out in the 2M Alliance agreement are not available to shippers under this new agreement," he said.
"Indeed, in the Maersk/MSC/HMM strategic cooperation agreement there is no reference to 2M anywhere in the agreement," he said.
In mid-December 2016, Maersk Line announced that, together with its 2M Alliance partner MSC, it was entering into a Strategic Cooperation with Hyundai Merchant Marine (HMM).
Said Maersk: "2M cargo will however only be loaded onto HMM vessels with customers' express agreement - and only on the HMM operated service that is part of the Asia to US west coast slot swap agreement. These HMM services are not part of the 2M network today."
MSC said much the same: "The agreement primarily sees Hyundai purchasing slots on 2M vessels with the 2M partners also purchasing a number of slots with Hyundai on selected routes. The detail of the agreement, its structure and guarantees have been carefully considered with this in mind."
Shippers are advised that they should review their options with all ocean carriers. Make sure you know which actual ocean carrier vessel will carry your goods.
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