Maersk and MSC to axe 2M alliance from 2025

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 ... [+]

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