[190119.EN.SEA] Members of Ocean Alliance Extend Partnership Until 2027

FRENCH shipping giant CMA CGM has announced the extension of the Ocean Alliance cooperation with its partners Cosco Shipping, Evergreen and OOCL until 2027.

Launched in 2017 for an initial period of five years with an option for a five-year renewal, Ocean Alliance is the world's largest operational agreement between shipping companies.

The confirmation of the 10-year duration of this partnership only two years after its launch reflects the trust and high-quality working relationship established between CMA CGM and its partners within Ocean Alliance, said the company in a statement.

The recent signing of the partnership extension took place in Hainan, China, attended by chairman and CEO of CMA CGM Group, Rodolphe Saade, and executives of the three other carriers.

Meanwhile, CMA CGM also announced that it's uniting two of its intra-European multimodal transport firms, Containerships and MacAndrews, under the Containership brand as of April 1.

By joining the forces of the two firms, the CMA CGM Group says it will unlock synergies and develop an Intra-European leading brand that combines unique maritime and inland solutions.

Acquired by the CMA CGM Group in 2018, Containerships is a specialist in intra-Europe for logistics services related to containerised cargo. Containerships offers logistics solutions for all modes of transportation (ships, trucks, trains and barges) and is present in the Baltic markets, Russia, Northern Europe, North Africa and Turkey.

MacAndrews, which joined the CMA CGM Group in 2002 and which merged with OPDR in 2018, also offers a complete range of rail, road and maritime transport services and is a specialist of container transport on Intra-European routes. It mainly connects North and Central Europe with the Iberian Peninsula, the Canary Islands and Morocco, reports The Maritime Executive, Fort Lauderdale, Florida.

Source : HKSG.