CMA CGM, COSCO Container Lines, Evergreen Line and Orient Overseas Container Line are to establish an Ocean Alliance with networks covering: Asia-Europe, Asia-Mediterranean, Asia-Red Sea, Asia-Middle East, Trans-Pacific, Asia-North America East Coast, and Trans-Atlantic trades.
“This new partnership will allow each of its members to bring significantly improved services to its respective customers,” member carriers said in a statement. “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.”
Together the alliance will have the ‘latest vessels’ in a fleet of more than 350 container ships.
“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,” added the member carriers.
Rodolphe Saadé, vice chairman 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.”
Subject to regulatory approval, the partnership is set to begin in April 2017, initially for five years.