CMA CGM, Cosco, Evergreen and OOCL unveil Ocean Alliance agreement

The shake-out of container shipping alliances is becoming clearer as CMA CGM, Cosco Container Lines, Evergreen Line and Orient Overseas Container Lines (OOCL) sign a agreement to form the “Ocean Alliance”.

The proposed new alliance follows the merger of Cosco and China Shipping’s container lines and CMA CGM’s move to buy Neptune Orient Lines (NOL), where it plans to pull container line APL out from the G6 Alliance.

The four lines signed a Memorandum of Understanding (MoU) for the alliance will cover the Asia-Europe, Asia-Mediterranean, Asia-Red Sea, Asia-Middle East, transpacific, Asia-North America East Coast, and transatlantic trades.

The alliance will cover some 350 containerships and initially more than 40 shipping services, mainly connected to Asia, including 20 services to Europe and the US.

“This new partnership will allow each of its members to bring significantly improved services to its respective customers,” member carriers said in a statement.

Rodolphe Saadé, vice president of CMA CGM Group said: “The Ocean Alliance is a very ambitious operational agreement. CMA CGM, and its new partners, will offer more than 40 maritime loops, providing its customers with an enhanced network of services and fast transit times.”

The alliance plans to begin operations in April 2017 pending regulatory approvals and would be for an initial period of five years.

The new alliance would leave the current CKYHE alliance with just three members – Kawasaki Kisen Kaisha (K Line), Yang Ming Line and Hanjin Shipping.

The G6 Alliance would be down to four members: Hapag-Lloyd, Hyundai Merchant Marine (HMM), Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK).

Meanwhile UASC would be the only member left of the Ocean Three alliance.

Posted 20 April 2016

© Copyright 2019 Seatrade Informa Markets. Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade Informa Markets.

Saudi Maritime Congress 2020

Saudi Maritime Congress

22 – 23 March 2020 | Dammam, KSA

Connecting Saudi shipping and logistics industry.

Find out more >

Related Topics

Marcus Hand

Author Bio ▼

Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

Sign up to get the latest Maritime News headlines emailed directly to your inbox

SUBSCRIBE