Return to double-digit spot rate gains looms with new FAK hikes and surcharges
As expected after last week’s surge in spot rate levels, this week saw more modest ...
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
The CEOs of 2M Alliance partners MSC and Maersk Line announced today that their vessel-sharing agreement will end in 2025.
Vincent Clerc and Soren Toft said 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.
Analysis of the break-up is coming shortly…
Comment on this article
Joe Farrelly
January 25, 2023 at 2:46 pmMsc have come a long way over the past ten years and will leave Maersk in the dust over the next 10 years. Soren has out played Maersk..,