MSC and Maersk A/S terminate the container shipping line vessel sharing agreement that both companies have signed in 2015 with the purpose of ensuring competitive and cost-efficient operations on the Asia-Europe, Transatlantic and Transpacific trades.
It’s a mutual agreed decision by both companies who decide to discontinue the 2M alliance, as they call it, and is effective from January 2025.
MSC Mediterranean Shipping Company and Maersk A/S, an entity under A.P. Moller – Maersk, have signed in 2015 an 2M alliance, a container shipping line vessel sharing agreement (VSA), which has a minimum term of 10 years with a 2-year notice period of termination.
Today in a joint statement the CEO Vincent Clerc of A. P. Moller – Maersk, and CEO Soren Toft of MSC said that discontinuing the 2M alliance paves the way for both companies to continue to pursue their individual strategies. They also clarified in the announcement that the decision has no immediate impact on the services provided to customers using the 2M trades. Each company’s customer teams will communicate, as they said, with their respective clients to support during, and beyond, the phase-out of the 2M alliance.
Furthermore, they also pointed out that “MSC and Maersk recognize that much has changed since the two companies signed the 10-year agreement in 2015. 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.”