MSC and Maersk have agreed to terminate their partnership known as 2M alliance in January 2025.
In a joint statement, the Chief executive officers of Maersk and MSC, Vincent Clerc and Soren Toft, said the two shipping lines recognised that much has changed since they both signed the 10-year agreement in 2015.
“Discontinuing the 2M alliance paves the way for both companies to continue to pursue their individual strategies,” the joint statement said.
The two companies noted that the announcement about the termination of the 2M alliance has no immediate impact on the services provided to customers using the 2M trades.
“Each company’s customer teams will communicate with their respective clients to support during, and beyond, the phase-out of the 2M Alliance,” said the joint statement.
The 2M alliance is a vessel sharing agreement introduced in 2015 by Maersk and MSC. The partnership agreement has a minimum term of 10 years with a two-year notice period of termination.
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