ShippingWatch

Shipping lines extend Ocean Alliance to 2027

The container cooperation Ocean Alliance is now being extended to 2027. The new agreement marks a milestone in alliance-member CMA CGM's strategy, says CEO Rodolphe Saadé.

The Ocean Alliance, consisting of the four carriers CMA CGM, Evergreen, Cosco and OOCL – owned by Cosco – will now be expanded by another five years.

The alliance was formed in 2017 and was at first set to run for five years. It will now run until 2027, informs CMA CGM in a press release. The French shipping line's CEO Rodolphe Saadé signed the extension Thursday at a ceremony in China alongside top executives from the other partners.

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