Maersk A/S, an entity under A.P. Moller – Maersk, and MSC Mediterranean Shipping Company (MSC) have mutually agreed to terminate the present 2M alliance
Coming into effect in January 2025, the announcement will end the agreement signed between the two entities in 2015. 2M has served as a container shipping line vessel sharing agreement with the aim of ensuring competitive and cost-efficient operations. When introduced, the agreement had a minimum term of 10 years with a two-year notice period of termination.
The companies have stated that this announcement 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.
In a joint statement, Vincent Clerc, CEO of A. P. Moller - Maersk, and Soren Toft, CEO of MSC, commented, “MSC and Maersk recognise 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.”