OCEAN Alliance Starts Ploughing the Seas

Business & Finance

CMA CGM, COSCO Container Lines, Evergreen Line and Orient Overseas Container Line (OOCL) launched the forty new services through the OCEAN Alliance on Saturday, April 1.

The OCEAN Alliance comprises a total of 323 ships with an estimated total carrying capacity of over 3 million TEUs, and will run for the next ten years.

CMA CGM has deployed 119 vessels on the newly established loops, including the vessels operated by its subsidiary APL.

The parties will provide twenty Transpacific services with an estimated 160 port pairs, including 13 Asia – West Coast North America services and 7 Asia – East Coast North America and U.S. Gulf services.

Additionally, the companies will provide six Asia – Europe services with an estimated 110 port pairs, five Asia – Mediterranean services with some 165 port pairs, three Transatlantic services covering 70 port pairs, five Asia – Middle East services calling 70 port pairs, and two Asia – Red Sea services with 35 port pairs.

”This offer we are launching this Saturday, April 1, will be unique for our customers. Port coverage, transits time, the complementarity of services and the additional offer of intermodal and logistical solutions, are real assets for the supply chain’s performance of our customers,” Olivier Nivoix, Senior Vice President – OCEAN Alliance Lines, said.