Almost a few months after the first failed international shipping alliance, a new one is coming in 2015. The Ocean Three Alliance will be formed in early 2015. The alliance will comprise of carriers CMA CGM, United Arab Shipping Co and China Shipping Container Line.
“We are pleased with the new products we are bringing to the market,” stated CMA CGM Group Senior Vice President Nicola Sartini.
Recently, they announced the upcoming global services of the alliance. Overall, the Ocean Three Alliance comprises a market share that includes 13% of the Transpacific and 20% of Asia-Europe trade.
The East-West services from the Ocean Three Alliance include nearly 200 vessels and 101 ports, with a capacity of over 1 million TEU. This includes dedicated hubs and terminals.
87 vessels, visiting 31 ports and moving a capacity of over 1 million TEU, will service the Asia-Europe routes. This includes 8 ports of call in China (such as Shanghai, Ningbo and Yantian). They also cover all main North European ports with the fastest transit times.
For Asia-North America services, they feature comprehensive coverage of Asia with 19 direct ports of call and 2 weekly Asian hubs that includes break-bulk, containers and large reefer shipping.
They also boast Asia-Mediterranean services that handle 77 weekly calls between 51 vessels and 37 ports.
If the Ocean Three Alliance succeeds in a big way, this could impact ocean freight shipping rates in 2015 and beyond. It would be wise for companies to reach out to freight forwarders now, and plan ahead for the next year. The freight forwarder could also supply great rates from these shipping companies for shippers.