Update: The New Carrier Alliance Is Here

Image Courtesy: OOCL

Container shipping majors CMA CGM, COSCO Container Lines, Evergreen Line and Orient Overseas Container Line have today signed a Memorandum of Understanding to form a new alliance, the Ocean Alliance.

The alliance is to enable carriers to merge their comprehensive service networks covering the Asia-Europe, Asia-Mediterranean, Asia-Red Sea, Asia-Middle East, Trans-Pacific, Asia-North America East Coast, and Trans-Atlantic trades.

“Shippers will have an attractive selection of frequent departures and direct calls to meet their supply chain needs, including access to a vast network with the largest number of sailings and port rotations connecting markets in Asia, Europe and the United States.”

“The Alliance will also bring service reliability and the most efficient integration of the latest vessels in a fleet of over 350 containerships,” member carriers said in a statement.

As informed, initially the deployment will cover more than 40 services globally mostly connected with Asia, including about 20 services each in the U.S. and Europe related trades.

Subject to regulatory approvals of competent authorities, the new alliance plans to begin operations in April 2017.  The initial period of the alliance shall be five years.

Image Courtesy: CMA CGM
Image Courtesy: CMA CGM

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,”  says Rodolphe Saadé, Vice-Chairman of the CMA CGM Group.

“Today is a great day for COSCO Container Lines. OCEAN Alliance is a better match for our globalization strategy. We will provide customers with more selections and improved service world-wide,COSCO Container Lines said in a statement.

“Joint service cooperation is an essential part of our own strategic planning.  This new alliance enables us to optimize fleet deployment and offer competitive service to meet customers’ changing demand,“ says Lawrence Lee, CEO of Evergreen Marine Corporation.

Upon signing the MOU, Andy Tung, CEO of Orient Overseas Container Line said that the new alliance will also be a platform for the company’s ongoing growth as well as improve its cost and efficiency.

The driving factor behind the proposed new alliance is believed to be challenging of the 2M’s dominance in the East – West trades.

Talks are said to be underway with international regulators in the US, Europe and China, on approval of the new alliance which would control around 26% of the trade between Asia and Europe.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2017 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

DSM17

Donsö Shipping Meet 2017 is an all inclusive exhibition. Meals, electricity, meeting schedule and banquette dinner is included…

read more >

TOC Europe

TOC (The Terminal Operations Conference) has long been considered best in class by container terminal operators and their suppliers…

read more >

Marine Philippines 2017

The 4th edition of PHILIPPINES MARINE 2017, SHIPBUILD PHILIPPINES 2017 and OFFSHORE PHILIPPINES 2017 is the only specialized Shipbuilding…

read more >

Bunkering Week 2017

IBC’s biennial Bunkering Week is back with its successful series of 3 co-located events: 8th Bunkering in Asia, 4th LNG Bunkering and EMTECH: Ship Emissions Technology Conference.

With a proven track record of bringing together top decision makers from various industry sectors, this remains the go to event for ship owners, fuel suppliers, traders and technology solution providers. Get in-depth and detailed market insights from experts who are taking the decisions, assess peer strategies and give shape to your own in this unrivalled gathering of shipping and marine fuel industry leaders.

Key Highlights for 2017:

* 3 Co-located Conferences

* 12+ Hours of Networking Time

* In-depth Review of Shipping Markets by Segment

* Ship Owner Positions on Emissions Compliance Scenarios

* Pricing Differentials and Availability across Different Fuels

* Technology and Analytics in Fuel Management and Emissions MRV

More info

read more >