CMA CGM, COSCO, Evergreen, OOCL Extend OCEAN Alliance Until 2032

by Admin
Ocean Alliance CEO shipping companies

In a significant move set to shape the future of international shipping, the Chief Executive Officer of major ocean carriers – the CMA CGM Group, COSCO SHIPPING, Evergreen, and OOCL – have announced the extension of their operational cooperation within the OCEAN Alliance. This extension, agreed upon during a momentous signing ceremony held in Shanghai, ensures the continuation of collaborative efforts until at least 2032.

Since its inception in 2017, the OCEAN Alliance has served as a cornerstone of global shipping, facilitating seamless connectivity across seven major East/West trade routes. By leveraging the collective strengths of its founding members, the alliance has consistently delivered top-tier services characterized by swift transit times, competitive sailing frequencies, and extensive port coverage.

The memorandum of understanding signed today reaffirms the alliance’s commitment to providing customers with unparalleled shipping solutions while fostering sustainability and reliability throughout the supply chain. With a focus on enhancing operational efficiency and minimizing environmental impact, the OCEAN Alliance remains steadfast in its dedication to achieving Net Zero emissions by 2050.

Speaking on behalf of the CMA CGM Group, Mr. Rodolphe Saadé emphasized the alliance’s track record of success and its ongoing commitment to innovation. “Our decision to extend cooperation for an additional five years underscores our dedication to meeting the evolving needs of our customers,” stated Mr. Saadé. “By harnessing the collective expertise of our partners, we will continue to lead the industry forward, delivering value and excellence every step of the way.”

As the world’s largest operational shipping network, the OCEAN Alliance stands as a testament to the power of collaboration in driving global commerce. With this extension, the alliance is poised to usher in a new era of growth, resilience, and sustainability, ensuring a brighter future for the maritime industry and beyond.

The OCEAN Alliance

The OCEAN Alliance is a strategic operational cooperation between major ocean carriers formed to enhance efficiency and service offerings in the global shipping industry. It was established in 2017 and consists of four founding members: CMA CGM Group, COSCO SHIPPING, Evergreen, and OOCL. The alliance focuses on providing best-in-class services to customers through a network that covers seven major East/West trade routes, connecting regions such as Asia, Northern Europe, the Mediterranean, the Middle East, and the East and West coasts of North America. The alliance aims to offer competitive sailing frequencies, fast transit times, and extensive port coverage while emphasizing sustainability and compliance with applicable laws and regulations.

Source CMA CGM