Executive Briefings

Ocean Alliance Announces Expanded Trading Network

The members of the new Ocean Alliance, CMA CGM, COSCO Container Lines, Evergreen Line and Orient Overseas Container Line, have announced their proposed "day one" trading network. The Alliance is the largest shipping alliance in the world, and the partners will operate 40 services on the East-West trades with around 100 ports of call and almost 500 port pairs.

Ocean Alliance Announces Expanded Trading Network

Supported by a fleet of nearly 350 vessels with about 3.5 million TEUs in total capacity, the alliance says it will comply with the requirements of global supply chains while providing higher sailing frequencies, better transit times and greater coverage in terms of loops, ports of call and port pairs. Members of the alliance are working with authorities internationally to secure the necessary regulatory approvals to commence operation in April 2017.

As the main contributor to the alliance, CMA CGM says it will be deploying a fleet of 119 vessels with a 35 percent capacity share.

The following trades will be served by the alliance:

• On the Transpacific trade: 20 loops, 145 weekly calls and 52 ports
• On the Asia – Northern Europe trade: 6 loops, 79 weekly calls and 31 ports
• On the Transatlantic trade: 3 loops, 34 weekly calls and 21 ports
• On the Asia – Mediterranean trade: 4 loops, 67 weekly calls and 33 ports
• On the Asia – Red Sea trade: 2 loops, 21 weekly calls and 12 ports
• On the Asia – Middle East trade: 5 loops, 55 weekly calls and 25 ports

Vessel deployment details for each service loop are expected to be released later this month.

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Supported by a fleet of nearly 350 vessels with about 3.5 million TEUs in total capacity, the alliance says it will comply with the requirements of global supply chains while providing higher sailing frequencies, better transit times and greater coverage in terms of loops, ports of call and port pairs. Members of the alliance are working with authorities internationally to secure the necessary regulatory approvals to commence operation in April 2017.

As the main contributor to the alliance, CMA CGM says it will be deploying a fleet of 119 vessels with a 35 percent capacity share.

The following trades will be served by the alliance:

• On the Transpacific trade: 20 loops, 145 weekly calls and 52 ports
• On the Asia – Northern Europe trade: 6 loops, 79 weekly calls and 31 ports
• On the Transatlantic trade: 3 loops, 34 weekly calls and 21 ports
• On the Asia – Mediterranean trade: 4 loops, 67 weekly calls and 33 ports
• On the Asia – Red Sea trade: 2 loops, 21 weekly calls and 12 ports
• On the Asia – Middle East trade: 5 loops, 55 weekly calls and 25 ports

Vessel deployment details for each service loop are expected to be released later this month.

Read Full Article

Ocean Alliance Announces Expanded Trading Network