CMA CGM, Cosco Container Lines, Evergreen Line and Orient Overseas Container Lines (OOCL) sign a agreement to form the “Ocean Alliance”. The proposed new alliance follows the merger of Cosco and China Shipping’s container lines and CMA CGM’s move to buy Neptune Orient Lines (NOL), where it plans to pull container line APL out from the G6 Alliance. The four lines signed a Memorandum of Understanding (MoU) for the alliance will cover the Asia-Europe, Asia-Mediterranean, Asia-Red Sea, Asia-Middle East, transpacific, Asia-North America East Coast, and transatlantic trades. The alliance will cover some 350 containerships and initially more than 40 shipping services, mainly connected to Asia, including 20 services to Europe and the US.
