Chief Executive Officers of the CMA CGM Group, COSCO SHIPPING, Evergreen, and OOCL have signed a Memorandum of Understanding (MoU) to extend the OCEAN Alliance operational cooperation for five additional years until 2032.
As a sustainable cooperation, the OCEAN Alliance aims to support customers’ supply chains and businesses by offering shipping solutions through an extensive range of served ports, with direct calls and optimal transit times.
Launched in the spring of 2017, the OCEAN Alliance is the world’s largest operational shipping network and the backbone of trade routes for international commerce, according to CMA CGM.
Committed to achieving Net Zero by 2050, the CMA CGM Group is reportedly implementing the best available solutions to reduce the environmental impact of shipping and logistics and is set to operate more than 120 containerships propelled with alternative green fuels by 2027, part of which are already deployed on OCEAN Alliance footprint.
READ: CMA CGM upgrades North Europe – South America East Coast service
Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, said: “Since 2017, the CMA CGM Group has been committed alongside its partners within the OCEAN Alliance to combine the largest shipping network with best-in-class services.
“The decision to extend our cooperation for at least five more years forges our commitment to meet our customers’ needs and build even more secure, reliable and sustainable supply chains. Our diversity is our strength, together we will continue to pioneer our industry!”
Earlier this year, the shipping alliance landscape was disrupted by Hapag-Lloyd’s announcement to withdraw from THE Alliance and join Maersk in a new partnership, the Gemini Cooperation.
