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Ocean Alliance among shipping companies extended till 2027

30
Jan '19
Ocean Alliance among shipping companies extended till 2027
The Ocean Alliance, the world’s largest operational agreement among shipping companies, was recently extended till 2027 in China’s Hainan. Rodolphe Saadé, chairman of France’s CMA CGM Group, signed the extension along with executives of China’s COSCO SHIPPING Lines Co. Ltd, Taiwan’s Evergreen Marine Corp., and Hong Kong-based Orient Overseas Container Line (OOCL).

It was launched in 2017 for an initial period of five years, according to a press release from CMA CGM.

Saadé also signed with the partners the launch of Ocean Alliance Day 3 Product, CMA CGM’s new unmatched service offering. This reinforced offer will start in April 2019.

Key features of the Ocean Alliance Day 3 Product include around 330 container ships, 111 of which will be operated by the CMA CGM Group, an estimated carrying capacity of around 3.8 million twenty-foot equivalent units, 19 trans-Pacific services, seven services between Asia and Europe, four services between Asia and the Mediterranean, two trans-Atlantic services, four services between Asia and the Middle East and two Asia-Red Sea services. (DS)

Fibre2Fashion News Desk – India


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