What are the shipping alliances?

A Shipping alliance, more commonly called ocean alliance, represents a type of cooperative agreement among ocean carriers that serves as a strategic alliance to cover different trade routes thanks to the cooperation of various members on a global scale.

What are ocean carrier alliances?

Ocean alliances are groups of ocean freight carriers who agree to pool their respective fleets of vessels, in order to extend their geographic coverage and service offerings.

What is 2M alliance?

Ocean carrier alliances are big, powerful… and evolving. This is not new. Collectively, the 2M Alliance (Maersk and MSC), THE Alliance (Hapag Lloyd, ONE, Hyundai Merchant Marine and Yang Ming) and the Ocean Alliance (COSCO, CMA CGM and Evergreen) deploy 3,126 vessels with over 20 million TEUs of capacity.

Is Zim part of any alliance?

Eli Glickman, President and CEO of ZIM, said: “We are pleased to enter into this strategic operational cooperation with the 2M Alliance. “The agreement will significantly improve our services on this important trade, where we remain a major player as part of our strategy.

What alliance is Evergreen in?

Ocean Alliance The
The Ocean Alliance, which promises CMA CGM/APL, Cosco Shipping and Evergreen Line – is one of three major maritime alliances that enable slot-sharing and vessel-sharing agreements (VSAs) among the world’s major carriers.

What is 2M service?

Three major shipping alliances (2M, THE Alliance, and Ocean Alliance) were formed in 2017. They were formed to facilitate two elements that ocean carriers compete on: low prices and broad service coverage.

Is ZIM part of 2M?

What alliance is CMA CGM in?

Ocean Alliance
With the signing of Ocean Alliance Day 5 Product, the CMA CGM Group will be providing, as of April 2021, even more effective solutions to answer its customers’ needs, with additional port calls, more direct links and shorter transit times.