Details of Ocean Three Alliance Released

The Journal of Commerce reports that   CMA CGM released extensive details of their Ocean Three east-west alliance  with United Arab Shipping Co. and China Shipping Container Line.  The alliance  went  into effect  January 2nd, 2015

The agreement covers trades between the United Arab Emirates, Pakistan, India, Saudi Arabia, Egypt, France, Spain, Morocco and the US east coast with up to 15 containerships of up to 9,500 teu.

The O3 Alliance will control 13 percent of the trans-Pacific trade and 20 percent of the Asia-Europe market in an overall network that will involve 101 ports of call and 195 vessels — 45 percent of them operated by CMA CGM — operating on 21 fixed-day weekly services.

CMA CGM also noted in the release that, it will be able to maximize use of its historical hub at Port Kelang; will maintain direct services into the Adriatic and Black Sea; will utilize Mediterranean hubs at Malta, Tangiers and Beirut; will provide premium service to its key ports at Le Havre and Dunkirk, France, and Hamburg, Germany; and will maintain “its special footprint in the U.S. East Coast market” though its Columbus pendulum service between the Pacific Northwest and U.S. East Coast via the Suez canal, and its PEX3, direct service via Panama in the U.S. Gulf.

In the trans-Pacific, CMA CGM will offer eight fixed-day weekly services using 57 vessels with a combined half a million TEUs of capacity.

Stay informed with RCL Agencies updates about the latest news in global shipping and international trade.