2M and SM Line to end their cooperation

The Ocean Alliance with its 40 services across the main east-west network would dominate in all trade lanes apart from the transatlantic.

The Korea Development Bank and Korea Ocean Business Corporation are officially selling their interest in HMM Co.

Discussing the “strongest result on record” for its ocean freight business in 2022, A.P. Moller-Maersk’s CEO Vincent Clerc said he does not think the end of the 2M Alliance will start a wider shake-up among other leading carriers

“Discontinuing the 2M alliance paves the way for Maersk to efficiently focus on our Integrator strategy to meet the evolving needs of our customers, including reliability, flexibility, and sustainability,” Maersk says.

Following a service expansion in 2021, ZIM has now opened its own regional office in New Zealand.

Operating margins remain very strong and the guidance for the full year is an adjusted EBITDA of US$7.8B-8.2B and adjusted EBIT of US$$6.3B-6.7B