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Cosco will radically overhaul shipping alliances

If an alliance between new major Chinese carrier China Cosco Shipping Corporation and French CMA CGM emerges, it could bring Evergreen Line and Orient Overseas Container Line along with it and thereby pull the carpet out from under several existing alliances, writes China Daily.

Photo: PR-foto

The recently merged China Cosco Shipping Corporation is in the midst of negotiations with French container carrier CMA CGM for an alliance which is also courting Taiwan's Evergreen as well as Orient Overseas Container Line (OOCL) from Hong Kong. If these four end up in a new alliance, the move would decimate the existing alliances in O3, CKYHE and G6, reports China Daily.

The Chinese newspaper has spoken to Dong Liwan, shipping professor at Shanghai Maritime University, who notes that the plans for a new French-Asian alliance could end up splitting three out of the four existing alliances on the Asia-Europe trade - the four being 2M, O3, CKYHE and G6.

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