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Ocean Alliance releases service info, planned port rotationsOcean Alliance releases service info, planned port rotations

The Ocean Alliance is quickly moving ahead with its plan to start operations from 1 April 2017, announcing the signing of an agreement, called the Day One Product, among the partners on its network, including port rotation for each service loop.

Vincent Wee, Hong Kong and South East Asia Correspondent

November 3, 2016

2 Min Read
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The Ocean Alliance groups together Cosco Container Lines, CMA CGM, Evergreen Line and Orient Overseas Container Line (OOCL).

The Day One network intends to deploy around 350 vessels with an estimated total carrying capacity of 3.5m teu to provide comprehensive service coverage, OOCL said in a press release. It added that the vessel deployment details for each service loop will be released around end of this November.

The services include 20 Transpacific services, comprising 13 Asia-West Coast North America services and seven Asia-East Coast North America and US Gulf Coast services; six Asia-Europe services; five Asia-Mediterranean services; three Transatlantic services; five Asia–Middle East services and two Asia-Red Sea services.

“We are very pleased with our progress and close collaboration with our partners in putting together an outstanding selection of Day One Products,” said OOCL ceo Andy Tung.

“With the expanded network, extensive market connections and improved efficiencies, OOCL stands ready to embrace our new opportunities and deliver the best that we have to offer to our customers,” he added.

“The signing of the Day One Product marks an important step forward to show just how committed we are in developing the most competitive products to market and the high level of synergy and confidence we share in the partnership,” member carriers of the alliance said in a statement.

Ocean Alliance also announced that they have gained approvals from the US Federal Maritime Commission (FMC) and South Korea’s Ministry of Oceans and Fisheries (MOF) and also satisfactorily completed the EU self-assessment compliance review.

In addition, it has filed the Master Agreement (Alliance Agreement) to China's Ministry of Transport seeking approval.

Moving forward, the Ocean Alliance will continue to work closely with all the authorities to ensure full compliance with applicable laws and regulations and secure the necessary regulatory approvals to commence operations as scheduled, it said.

About the Author

Vincent Wee

Hong Kong and South East Asia Correspondent

Vincent Wee is Seatrade's Hong Kong correspondent covering Hong Kong and South China while also making use of his Malay language skills to cover the Malaysia and Indonesia markets. He has gained a keen insight and extensive knowledge of the offshore oil and gas markets gleaned while covering major rig builders and offshore supply vessel providers.

Vincent has been a journalist for over 15 years, spending the bulk of his career with Singapore's biggest business daily the Business Times, and covering shipping and logistics since 2007. Prior to that he spent several years working for Brunei's main English language daily as well as various other trade publications.

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