Member-companies of the OCEAN Alliance, CMA CGM, COSCO Shipping Lines, OOCL and Evergreen, have signed documents to extend the duration of OCEAN Alliance to ten years, until March 31, 2027.
Announcing the signing, Chinese shipping major COSCO Shipping Lines said that OCEAN Alliance operates stably and orderly under smooth communication among all members since April 2017.
“All members are satisfied with the high quality of OCEAN Alliance product with comprehensive coverage, high frequency, distinct port pairs and reliable schedule,” COSCO added.
“All members are convinced that, with the confirmation of ten years cooperation, OCEAN Alliance could cope with the challenge in future and our alliance would be united and strong. We will perform the necessary procedures to related regulators and ensure the operation of OCEAN Alliance compliance with laws and regulations.”