MSC CEO Søren Toft is not ruling out future “alliance-type” collaborations with Maersk, despite the upcoming breakup of 2M in 2025, the shipping line executive said at the TPM23 Conference in Long Beach, California.
The statement came as the CEO described the two shipping lines’ existing capacity-sharing agreements as part of the alliance. “We collaborate on the six East and West trades, it could be in the future we’ll collaborate on some swaps and stuff like that,” Toft said.
However, MSC decided breaking up the alliance was the right solution for the current market, Toft said. “We believe we have the network and the future network that’s going to make us competitive. And obviously, there will always be certain advantages or supremacy to operate on our own.”
Source: supplychaindive.com