Due to a decrease in freight rates and the recent dissolution of the 2M alliance between Maersk and MSC, concerns have arisen regarding the stability of existing alliances. At the TPM Conference last month, there were reassurances that existing alliances will remain unchanged. Hapag-Lloyd CEO has also recently issued an announcement saying, “Our alliance is pretty strong and stable, and we have a contract together until 2030.” All this means that shipment services to North American will remain as is.
However, future changes may occur depending on various factors such as the direction of the economy, IMO regulations, and supply capacity. Canaan Group will continue to be at the forefront of managing and procuring services from various ocean alliances, and we encourage you to stay tuned for updates.
1. Hapag-Lloyd: Our alliance is strong and stable, Offshore Energy, Mar 14, 2023. Accessed Mar 20, 2023.