Vincent Clerc and Soren Toft state that 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.

Article Source: The Loadstar

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BIFA can confirm that it has seen written communications from the respective carriers confirming the ending of the vessel sharing agreement (VSA) and the date. 

It is hoped that the carriers will issue clearer and more complete information regarding the practicalities of how the conclusion of their vessel sharing agreement will work in practice.