MSC Mediterranean Shipping Company (MSC) and Maersk have mutually agreed to terminate, effective in January 2025, the 2M alliance.
In a joint statement, CEO Vincent Clerc of A. P. Moller – Maersk, and CEO Soren Toft of MSC said that:
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
The 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 them during, and beyond, the phase-out of the 2M alliance.
2M was introduced in 2015 by Maersk and MSC to ensure competitive and cost-efficient operations in 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.
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