Source: The Loadstar
Date: 25th January 2023
The 2M Alliance partners MSC and Maersk Line announced that their vessel-sharing agreement will end in 2025.
The decision was by mutual agreement.
A joint statement said: “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.”
According to the lines, there will be no immediate impact on services as the alliance will continue to operate as it has done since 2015.
“Each company’s customer teams will communicate with their respective clients to support them during, and beyond, the phase-out of the 2M Alliance,” said the carriers.
“Discontinuing the 2M Alliance paves the way for both companies to pursue their individual strategies,” said the statement.
And in a follow-up, MSC would “continue to strengthen and modernise” its fleet as the “liner industry leader, with the largest fleet, orderbook and network coverage”.
MSC said it was “grateful for the operational cooperation with Maersk over the past eight years”. It said it expected the “concept” of vessel sharing “to remain relevant”, but gave no indication it was something MSC wanted to be part of.