World News
2M Operationally Ready to Launch: Skou
The 2M container shipping vessel sharing agreement (VSA) complies with Chinese rules and is operationally ready to launch, Maersk Line CEO Søren Skou told industry news site Shipping Watch.
"We've submitted our application and have thus fulfilled the requirements, but the Chinese regulators can of course at any given moment launch a study of the agreement," he said.
"But we do believe that our VSA is fully comparable to other collaborations of similar scope."
U.S. Federal Maritime Commission (FMC) member William P. Doyle said earlier this week that he would consult with Chinese regulators to see if they have concerns about the agreement between the world's two largest container shipping lines, Maersk Line and Mediterranean Shipping Co. (MSC).
"The 2M partners can say whatever they want, but what's important is what China comes up with," he said.
"Let's not forget the trade to Europe from Asia comes from Asia and especially China."
The South China Morning Post reported earlier this week that the FMC is likely to seek more information about from the two companies, but that people close to the discussions anticipate approval by late November.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 547.50 | 2.50 | 679.50 | 0.50 |
| Rotterdam | 513.50 | 0.00 | 652.00 | 1.00 |
| Houston | 547.00 | 3.50 | 679.00 | 0.50 |
| Fujairah | 544.00 | 4.50 | 747.50 | 1.00 |
| Global 20 Ports Average | 574.50 | 1.00 | 760.50 | 0.50 |
| Global 4 Ports Average | 538.00 | 2.50 | 689.50 | 0.00 |
| Global Average Bunker Price | 626.50 | 0.00 | 804.50 | 0.50 |
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