World News
Scorpio Orders Five Triple E Ships for 2M Alliance
The 2M shipping alliance of Maersk Line and Mediterranean Shipping Co. (MSC) will gain five Triple E containerships that Scorpio Group and China's Bank of Communications Co. have ordered for lease to MSC, the Wall Street Journal reports.
Triple E ships, first introduced by Maersk Line, are the world's largest container vessels, with a cost of about $150 million each and a capacity of 18,000 twenty-foot equivalent units (TEU).
MSC will lease the vessels for at least 15 years as part of the 2M alliance between the world's two largest container shipping companies, which will control about 30 percent of all cargo on the biggest global trade routes.
The alliance, which developed after the larger planned collaboration among Maersk Line, MSC, and CMA-CGM collapsed, is expected to save the companies billions of dollars per year in operating costs..
The launch of the 2M alliance is planned for early 2015.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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