After 8 Years of Partnership, the 2M Alliance formed by Maersk and MSC, the Two Largest Shipping Companies, Comes to an End

Written by Ruth Rodrigues

Published on 25/01/2023 at 16:31

Updated on 02/02/2023 at 19:16

Fonte: Container News

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With Partnership In The Maritime Transport Sector Since 2015, MSC And Maersk Announce The End Of The 2M Alliance. Contract Signed 8 Years Ago Was Beneficial For Both.

Long-time partners, MSC and Maersk announced that they will break their strategic ties in 2025, marking a decade of the project known as 2M. The partnership was agreed upon in 2015 and had a minimum duration of 10 years. The contract signed 8 years ago divided maritime transport routes, providing greater competitiveness in the cargo business between Asia and Europe and in the Pacific and Atlantic regions.

See One Of The Giant Ships Used By Maersk Arriving At The Port Of Itajaí (SC)

YouTube video — *Source: Leandro LS/YouTube*

The Breakup Of The Partnership Between The Companies Was Realized Within The Stipulated Time

When the contract was announced, there was a clause stating that if either party opted to break the alliance, they needed to give a two-year notice, which indeed happened.

Despite the announcement of the breakup, managers from both companies assured that the connections between them will continue until the remaining two years of the contract come to an end and that there will be no impact on customers using the routes covered by the 2M alliance.

ARTICLE CONTINUES BELOW

Understand A Little More About The Relationship Between MSC And Maersk And How The 2M Alliance Benefited Both

Maersk has over 100,000 employees, operating in 130 countries. US$ 62 billion was generated in 2021 alone, which is more than 55% of the previous year.

Furthermore, in 2021, MSC was expected to grow more than its partner, according to the Financial Times, as its revenue is less than half of that.

According to the newspaper, combining fleet capacity along with ship orders, MSC anticipated having a larger fleet than Maersk.

Before the pandemic, the company reported annual revenues exceeding US$ 25 billion.

During the pandemic, maritime transport benefited from a surge in freight prices. Now, the main concern is the decarbonization of its business, seeking to incorporate ships with lower polluting emissions into the fleet.

After 8 Years of Partnership, the 2M Alliance formed by Maersk and MSC, the Two Largest Shipping Companies, Comes to an End

With Partnership In The Maritime Transport Sector Since 2015, MSC And Maersk Announce The End Of The 2M Alliance. Contract Signed 8 Years Ago Was Beneficial For Both.

See One Of The Giant Ships Used By Maersk Arriving At The Port Of Itajaí (SC)

The Breakup Of The Partnership Between The Companies Was Realized Within The Stipulated Time

Understand A Little More About The Relationship Between MSC And Maersk And How The 2M Alliance Benefited Both

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After 8 Years of Partnership, the 2M Alliance formed by Maersk and MSC, the Two Largest Shipping Companies, Comes to an End

With Partnership In The Maritime Transport Sector Since 2015, MSC And Maersk Announce The End Of The 2M Alliance. Contract Signed 8 Years Ago Was Beneficial For Both.

See One Of The Giant Ships Used By Maersk Arriving At The Port Of Itajaí (SC)

The Breakup Of The Partnership Between The Companies Was Realized Within The Stipulated Time

Understand A Little More About The Relationship Between MSC And Maersk And How The 2M Alliance Benefited Both

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

BRICS is preparing a payment system inspired by the Brazilian PIX that will allow direct transactions between countries using national digital currencies without relying on the dollar or Western banks as intermediaries.

Ethiopia has banned gasoline and diesel cars, placed over a hundred silent electric buses on the streets of Addis Ababa, and now aims for half a million electric vehicles by 2030, all powered by Africa’s largest dam and a courage that few countries have shown.

A factory video in India goes viral showing workers wearing helmets with cameras to train an artificial intelligence that will eventually replace these same employees on the production lines.

In the South Atlantic, three isolated volcanic islands cause the wind to draw perfect spirals visible from space: a rare phenomenon called von Kármán vortex streets forms symmetrical patterns behind the peaks of the South Sandwich Islands and was recorded by the NOAA-20 satellite in 2025.

Created to cling to ships like a lamprey, the new U.S. underwater drone sleeps on the ocean floor, launches torpedoes, and recharges itself with the current.

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Truck drivers go to the Palácio dos Bandeirantes with high diesel pressure and the risk of freight rate increases, while the sector warns of a driver blackout and proposes a school to train qualified labor.

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