Ocean Alliance signs off on 22 million TEU capacity boost

Ocean Alliance expands trade routes with focus on sustainability

Members of the Ocean Alliance have signed the Ocean Alliance Day 7 Product to add 22.4 million TEU capacity on the world’s major trade routes.

Ocean Alliance Day 7 Product will launch in January 2023 with 40 services to meet capacity demand and offer more sustainable alternatives.

The Ocean Alliance will take delivery of a total 26 dual-fuel, liquefied natural gas (LNG)-powered CMA CGM ships to run on shipping routes.

The group’s entire e-methane ready fleet will expand to 77 ships by year-end 2026 according to the company.

The new services will also comprise 353 containerships, of which 125 will be operated by the group.

READ: Gasum makes first delivery of LNG to CMA CGM Containerships

Amongst the new services, the Alliance will provide:

  • Transpacific trade with 21 services;
  • Asia and Europe with 7 services;
  • Asia and the Mediterranean with four services;
  • Two transatlantic services connecting northern Europe with the US East Coast and with the Gulf of Mexico;
  • Four dedicated services between Asia and the Middle East and two Asia-Red Sea services.

Launched in spring 2017, Ocean Alliance is the world’s largest operational alliance between shipping companies on the world’s major trade routes. Members include shipping giants CMA CGM, COSCO Shipping Lines, OOCL and Evergreen.

CMA CGM just signed an agreement to acquire Bayonne and New York terminals currently held by Global Container Terminals Inc. (GCT).

Through this major acquisition, the group aims to support US East Coast supply chain growth and expand its footprint in the US market, according to its recent statement.

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