Xeneta has issued infographic focusing on the mega Ocean Alliance which is due to start operating in April 2017.
In particular, CMA-CGM will lead a mega Ocean Alliance, made up of China Cosco Shipping, Evergreen Line, and Orient Overseas Container Line, that will offer 40 services on the east-west trades with 498 port calls. It will be the largest alliance in shipping history come April 2017 to battle with THE Alliance and the 2M Alliance.
The JOC reported:
“The Trans-Pacific market will see the largest coverage by the Ocean Alliance with 20 loops, 145 weekly calls, and 52 ports. In a statement issued via CMA CGM, the alliance said its Trans-Pacific services would offer “the most comprehensive market coverage and geographic consistency by loop for optimized transit times to main markets.”
CMA-CGM, like Maersk, this year has seen a lot of activity for the French carrier. It made its largest acquisition to date by acquiring Neptune Orient Lines (NOL) and at the same time reported a Q3 loss of over $260 million. Unlike Maersk who saw strength in purchasing APM Terminals to offer a complete “transport & logistics” solution, CMA is prepared to cut ties with its APL Terminals in an exercise to decrease debt.
Explore more in the infographic herebelow
Source: Xeneta
