Maersk and MSC to discontinue 2M alliance in January 2025
Following a thorough evaluation process, Maersk A/S, an entity under A.P. Moller – Maersk and Mediterranean Shipping Company (MSC) have mutually agreed to discontinue the 2M alliance, set to end in January 2025.
The reason given by Maersk is its commitment to improving logistics networks and accessibility for its customers. Maersk believes that it can respond more effectively to changing customer needs, such as the importance of reliability, flexibility and sustainability in all aspects of logistics.
In a joint statement, CEO Vincent Clerc of A. P. Moller – Maersk, and CEO Soren Toft of MSC say: “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.”
2M is a container shipping line vessel sharing agreement (VSA). It was introduced in 2015 by Maersk and MSC with the aim of ensuring competitive and cost-efficient operations 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