The two biggest container carriers MSC Mediterranean Shipping Company and AP Moller-Maersk are ending their 2M alliance in 2025.

No immediate reasons were given for the termination of the vessel-sharing agreement other than that conditions have changed since the grouping was set up in 2015.

But the container shipping industry has gone through a roller-coaster ride during that period from low markets at the outset to the most extreme freight rates boom during the Covid pandemic.