OCEAN Alliance extension leaves THE Alliance stranded

The OCEAN Alliance partners (CMA CGM, COSCO, OOCL and Evergreen) have extended their 10 year cooperation agreement that started in April 2017 for 5 more years until 31 March 2032. The move will cement the group’s dominant position as the largest global carrier alliance, with a significant lead over their rival alliances on both the Transpacific and Asia-Europe routes. The move also leaves the remaining members of THE Alliance partners stranded as they will not be able to draw one of the OCEAN A