CMA CGM, Cosco Container Lines, Evergreen Line and OOCL have announced a proposed network for Ocean Alliance, the largest operational shipping agreement globally.
The four shipping partners will share capacity on routes globally, with more than 40 services on the East-West trade routes and just under 350 vessels shipping some 3.5m TEUs in total capacity.
“With more than 40 maritime services, we will be sharing our fleet with the largest Asian shipping companies. By offering more ports and more direct calls, as well as better transit times, we will provide our customers with unmatched quality services,” Rodolphe Saadé, vice chairman of the CMA CGM Group said in a statement released 3 November. “This new offering is a cornerstone of our strategy as it reinforces our competitiveness and strengthens our position as a key player in the shipping industry.”
CMG CGM will deploy 119 vessels and account for 35 per cent capacity share, offering more direct calls and better transit times.
Ocean Alliance will includes 20 loops, 145 weekly calls and 52 ports on its Transpacific trade route; 6 loops, 79 weekly calls and 31 ports on its Asia-Northern Europe trade route; and 3 loops, 34 weekly calls and 21 ports on its Transatlantic trade route.
The Asia-Mediterranean trade route will have four loops, 67 weekly calls and 33 ports covering North Africa, while full trade covering and improved transit times will be offered on its Asia-Middle East trade route with direct calls in Korea, China, Taiwan and South East Asia.
The agreement has been approved by US and Korean regulatory authorities, with Ocean Alliance working to secure further regularity approval ahead of its proposed April 2017 launch date.