Feb 24, 2016

Container lines plan new mega-alliance

by Scott Ogden in Uncategorized

Will Waters | Friday, 19 February 2016

CMA CGM and Cosco said to be in talks with Evergreen and OOCL on creating a rival to Maersk-MSC partnership 2M

Leading container lines CMA CGM and Cosco are said to be in talks with Evergreen and OOCL on creating a new mega-alliance to rival the 2M vessel-sharing partnership between the world’s two biggest lines, Maersk and MSC, according to a report by liner shipping analyst Alphaliner.
The move would lead to a restructuring of the four major alliances currently operating on the main east-west trades, although those alliances are set for a shake-up next year in any case upon the completion of the acquisition of APL parent group NOL by CMA CGM and the merger of the Chinese lines Cosco and China Shipping Container Line. APL is expected to exit the G6 alliance next year once the CMA CGM deal is completed, while Cosco has not revealed its alliance plans yet, Alphaliner said.

Alphaliner said the discussions were believed to be still ongoing, according to a Lloyd’s List report.