THE proposed 2M alliance of Maersk and Mediterranean Shipping Co (MSC) and the Ocean Three alliance of CMA CGM, China Shipping and UASC, stand to save mega bucks on bunkering.
The anticipated cost savings from the alliances from a bunker perspective are significant, says CMA CGM vice chairman Rodolphe Saade.
He said that his Ocean Three would help reduce operational costs by US$1 billion, reports Vancouver's Ship & Bunker.
In terms of fleet size 2M would have 401 live vessels with a total capacity of 2,381,288 TEU. It has another 20 vessels on order that will add 294,188 TEU of capacity - that's an average capacity of 14,709 TEU per newbuild, according to data from online fleet intelligence service VesselsValue.com.
The total value of 2M's fleet, both live and on order combined, is estimated by VesselValue.com to be $15.1 billion. The two alliances represent 17 per cent of the world's box ships by value.
The Ocean Three would have 187 live ships with a combined capacity of 1,231,764 TEU. It also has 30 vessels on order with a capacity of 447,900 TEU, making their average capacity slightly more than 2M at 14,930 TEU per newbuild.
The total value of Ocean Three's fleet, both live and on order combined, is $11 billion.
That means that although 2M would have more vessels than Ocean Three, Ocean Three's vessels are on average worth more ($50.7 million vs $35.9 million for 2M) and have a larger capacity per vessel (7,740 TEU vs 6,355 TEU for 2M).
Compared to the global fleet, the two alliances represent 17 per cent of the world's box ships by value - 10 per cent for 2M, seven per cent for Ocean Three.
Together 2M and Ocean Three's owned fleets would have a combined capacity of 4,355,140 TEU, equivalent to 20 per cent of the current global total fleet capacity of 21.6 million TEU.
WORLD SHIPPING
05 October 2014 - 21:26
2M and Ocean Three shipping alliances stand to save mega bucks on bunker
THE proposed 2M alliance of Maersk and Mediterranean Shipping Co (MSC) and the Ocean Three alliance of CMA CGM, China Shipping and UASC, stand to save mega bucks on bunkering.
WORLD SHIPPING
05 October 2014 - 21:26
2M and Ocean Three shipping alliances stand to save mega bucks on bunker
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