MSC Mediterranean Shipping Company (MSC) and Maersk A/S, an entity under A.P. Moller – Maersk, have mutually agreed to terminate, effective in January 2025, the present 2M alliance.
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.”
Today’s 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.
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.
MSC was the smaller of the two companies when the alliance was created. This changed in 2022 when MSC overtook Maersk as the biggest shipping company in the world. As of 25 January 2023, MSC operates 17.6% of the industry’s container ships while Maersk has 15 fewer vessels and a share of 16.1%.