Ocean Alliance Gets Extended until 2027

Ever Gifted

Members of the OCEAN Alliance, CMA CGM, COSCO Shipping Lines, OOCL and Evergreen, have signed documents to confirm the extension of the duration of OCEAN Alliance to ten years, until March 31, 2027.

Announcing the signing, Chinese shipping major COSCO Shipping Lines said that OCEAN Alliance operates stably and orderly under smooth communication among all members since April 2017.

“All members are satisfied with the high quality of OCEAN Alliance product with comprehensive coverage, high frequency, distinct port pairs and reliable schedule,” COSCO added.

“All members are convinced that, with the confirmation of ten years cooperation, OCEAN Alliance could cope with the challenge in future and our alliance would be united and strong. We will perform the necessary procedures to related regulators and ensure the operation of OCEAN Alliance compliance with laws and regulations.”

The signing of the documents comes just a day after the alliance announced the launching of its Day 3 product. Under the new service offering, the partners said they would cover 38 services using 330 vessels with an estimated carrying capacity of around 3.8 million TEUs.

The alliance was launched on April 1, 2017 with an estimated total carrying capacity of over 3 million TEUs.

Image courtesy: Synergy Group

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2019 >>
MTWTFSS
28 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 1 2 3

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year…

read more >

GREENTECH IN SHIPPING GLOBAL FORUM

The mindset of sustainability and efficiency is the key to unlocking successful business…

read more >

LNG2019

LNG2019 features the largest number and highest level of LNG industry leaders.

read more >