Members of the OCEAN Alliance have announced that they will extend operational cooperation for at least five additional years from 2027.
This follows the signing of a Memorandum of Understanding by the chief executive officers of the CMA CGM Group, COSCO SHIPPING, Evergreen and OOCL.
The alliance covers seven of the major East/West trades, mainly connecting Asia to Northern Europe, the Mediterranean, Middle East and the east and west coasts of North America.
Launched in 2017, it is the world’s largest operational shipping network.