01/03/2024 Extendion of OCEAN Alliance until 2032

Firther collaboration between leading ocean carriers CMA CGM, COSCO SHIPPING, Evergreen, and OOCL, until 2032. This extension ensures at least five more years of operational cooperation beyond the initial agreement’s expiration in 2027. Since its inception in 2017, the alliance has been instrumental in providing top-notch services to customers, characterized by fast transit times, competitive sailing frequencies, and extensive port coverage across major East/West trade routes, particularly connecting Asia to Northern Europe, the Mediterranean, the Middle East, and the East and West coasts of North America.

The CEOs of the four member companies signed a Memorandum of Understanding in Shanghai to solidify this extension, highlighting their commitment to maintaining a stable, reliable, and trusted partnership. The OCEAN Alliance is recognized as the world’s largest operational shipping network, playing a vital role in facilitating international trade routes and offering innovative solutions to customers.

In alignment with broader environmental goals, particularly CMA CGM’s commitment to achieving Net Zero by 2050, the alliance is actively implementing sustainable practices. This includes the adoption of alternative green fuels for container ships, with plans to operate over 120 such vessels by 2027, some of which are already deployed within the OCEAN Alliance network.

Throughout its existence, OCEAN Alliance has consistently contributed to a stable supply chain while adhering to relevant laws and regulations. With this extension, the alliance reaffirms its dedication to delivering optimal service offerings to customers for the foreseeable future.

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