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Four carriers confirm new giant container alliance

CMA CGM, China Cosco Shipping, Evergreen Line and OOCL on Wednesday announced that they have signed a memorandum of understanding to form a new major container alliance, Ocean Alliance. This has been described as a formidable collaboration and a serious challenger to the 2M alliance between Maersk Line and MSC.

Updated 11:05 am CET with new header, sub-header and introduction

French CMA CGM, China's Cosco, Evergreen Line and Orient Overseas Container Lines (OOCL) have on Wednesday signed a memorandum of understanding to form a new container alliance which, measured in capacity, will challenge the industry's largest alliance, 2M, between Maersk Line and MSC.

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