Members of the newly-formed Ocean Alliance have proposed their network and port rotation for 2017. COSCO Container Lines, CMA CGM, Evergreen Line and Orient Overseas Container Line today signed a document entitled the Day One Product, which sets out the proposed network, including port rotation for each service loop.
The Day One network intends to deploy around 350 container vessels with an estimated total carrying capacity of 3.5 million TEUs on the following trade lanes:
- 20 Transpacific services (estimated 160 port pairs, with 13 Asia – West Coast North America services, 7 Asia – East Coast North America and U.S. Gulf services)
- 6 Asia – Europe services (estimated 110 port pairs)
- 5 Asia – Mediterranean services (estimated 165 port pairs)
- 3 Transatlantic services (estimated 70 port pairs)
- 5 Asia – Middle East services (estimated 70 port pairs)
- 2 Asia – Red Sea services (estimated 35 port pairs)
In a statement, member carriers said: “The signing of the Day One Product marks an important step forward to show just how committed we are in developing the most competitive products to market and the high level of synergy and confidence we share in the partnership.”
The alliance has already gained regulatory approval from the Ministry of Transport of the People’s Republic of China, U.S. Federal Maritime Commission and South Korea’s Ministry of Oceans and Fisheries and has also completed its EU self-assessment compliance review.
Work is underway to gain the necessary approvals elsewhere in the world to allow the Ocean Alliance to commence operations from April 1, 2017.