Four of the world’s leading container shipping lines; CMA CGM, COSCO Container Lines, Evergreen Line and Orient Overseas Container Line have today signed a milestone agreement to form a new Alliance.
The alliance will allow the power quad to offer competitive products and comprehensive service networks covering the Asia-Europe, Asia-Mediterranean, Asia-Red Sea, Asia-Middle East, Trans-Pacific, Asia-North America East Coast, and Trans-Atlantic trades.
“The Alliance will also bring service reliability and the most efficient integration of the latest vessels in a fleet of over 350 containerships,” member carriers said in a released statement.
“Joint service cooperation is an essential part of our own strategic planning. This new alliance enables us to optimise fleet deployment and offer competitive service to meet customers’ changing demands.” remarked by Lawrence Lee, President of Evergreen Marine Corporation.
Subject to regulatory approvals of competent authorities, the new Alliance plans to begin operations in April 2017.
The initial period of the Alliance will be five years.
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