Just two years since its launch, the Ocean Alliance has been extended to 2027.
A partnership between the CMA CGM Group, COSCO Shipping, Evergreen and OOCL, the alliance was launched in 2017 for an initial period of five years with an option to extend it for a further five years.
According to CMA CGM chairman and CEO Rodolphe Saadé, it is the world’s largest operational agreement between shipping companies.
Its 330 container ships, 111 of which will be operated by the CMA CGM Group, have an estimated carrying capacity of around 3.8 million TEUs.
