The end of a shipping alliance between two of the world’s largest container lines could pave the way for more competition and lower rates in ocean shipping. Maersk and MSC said last month that they would not continue their 2M alliance once it expires in 2025. The vessel-sharing agreement, which began in 2015 and propmpted a wave of consolidation in the industry, allowed the two companies to better manage capacity by pooling cargo. Although the 2M alliance has drawn scrutiny from federal regulators over potential anticompetitiveness issues, the carriers say they decided to end their agreement as they pursue individual strategies. Maersk, for example, has invested heavily to expand beyond ocean shipping and become an end-to-end supply chain provider. Source: www.supplychaindive.com
Find out more on the news section of our page.