Archives



Freight News, Sea


Maersk and MSC to axe 2M alliance from 2025

[ January 25, 2023   //   ]

MSC Mediterranean Shipping Company (MSC) and Maersk are to terminate the 2M vessel sharing agreement in January 2025. Introduced in 2015, it created one of the largest container shipping operations in the world and operated on the Asia-Europe, Transatlantic and Transpacific trades. The 2M agreement has a minimum term of 10 years with a 2-year notice period of termination

In a joint statement, A. P. Moller – Maersk chief executive Vincent Clerc of MSC chief executive Soren Toft said: “MSC and Maersk recognize that much has changed since the two companies signed the 10-year agreement in 2015. Discontinuing the 2M alliance paves the way for both companies to continue to pursue their individual strategies.

“We have very much appreciated the partnership and look forward to a continued strong collaboration throughout the remainder of the agreement period. We remain fully committed to delivering on the 2M alliance’s services to customers of MSC and Maersk.”

The lines said the announcement would have no immediate impact on services.

Tags: