Maersk and MSC to end 2M alliance
MSC Mediterranean Shipping Company (MSC) and Maersk A/S, an entity of AP Moller-Maersk, have mutually agreed to terminate the 2M alliance, effective January 2025.
The 2m alliance is a container shipping line vessel sharing agreement which came into force in 2015 with the aim of ensuring competitive and cost-efficient operations on the Asia-Europe, Transatlantic and Transpacific trades.
In a joint statement, Maersk CEO Vincent Clerc and MSC chief executive Soren Toft said that ending the alliance would free up both organisations.
“MSC and Maersk recognise that much has changed since the two companies signed the ten-year agreement in 2015,” they said. ”Discontinuing the 2M alliance paves the way for both companies to continue to pursue their individual strategies.
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