Ocean Alliance: CMA CGM, Evergreen, OOCL, COSCO Shipping These three alliances represent 77.2% of global container capacity and a whopping 96% of all East-West trades. Customs brokerage services are provided by Flexport’s wholly-owned subsidiary, Flexport Customs LLC, a licensed customs brokerage with a national permit. Related: How Beneficial Are Ocean Freight Industry Mergers? 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. THE will represent roughly 16% of global container capacity. Participating in one of the three shipping alliances offer a … Find out what you need to be on the lookout for as the container shipping industry dynamics fluctuate into 2021. hbspt.cta._relativeUrls=true;hbspt.cta.load(1816946, '1f1f917b-3185-45ce-87f7-62d8a962f21a', {}); It became official on 19 April; the O3 became the Ocean Alliance. "The Northern Lights d. ocean_alliance. CMA CGM is currently part of the “Ocean Three” alliance in cooperation with China Shipping Group and United Arab Shipping Co, a deal that expires at the end of 2016. These 3 carrier alliances represent nearly 80% of global container trade and roughly 90% of container capacity on major trade routes. Through the reach of an alliance you may have access to greater geographic coverage than you would expect from a given carrier. Ocean Network Express (ONE) is a new container shipping liner which adopts the philosophy of togetherness as “ONE” with our customers and partners to face every challenge. Open. 85m of exploration heav. In simple terms, a Shipping Alliance (also known as Ocean Alliance) is a group of ocean carriers joining forces to create a cooperative agreement forming a strategic alliance covering various trade routes through cooperation between its members on a global level. Read this next >> A Guide to the Largest Ocean Carriers in the World. The four members of the Ocean Alliance are currently spread over three separate alliances. Not every alliance covers every major trade route. Or is it, in the end, up to the shipper to perhaps take a more central role and begin leveraging the different quality of services per carrier/ shipping alliances? An ocean alliance, also known as a shipping alliance, is a collection of maritime freight characters that combine their resources to offer an enormous fleet with global coverage. Schedule a personalized walk-through of the Xeneta platform tailored for your company, Learn how the Xeneta platform helps you benchmark your rates, Join our live webinar every Thursday 16:00 CET to get an introduction to Xeneta platform. On April 1, 2017, the ocean carrier alliances are set to re-shuffle, forming three new alliances to replace today’s four. Those familiar with the freight industry are well aware of what happened next: the market was flooded, demand failed to keep up with the available supply, and container rates tanked. The other carriers were forced to invest in their own giant vessels just to stay competitive. Because carriers share vessels within their alliances, shipping with two different carriers might not guarantee that you’re shipping on two different vessels. Maersk announced at the end of 2016 its plans to acquire Hamburg Sud, subject to regulatory approval. The Ocean Alliance, which includes COSCO subsidiary OOCL, has announced Asia to Europe service modifications. The 2M alliance was in discussions with HMM about possible membership, but ultimately decided to go with a Vessel Sharing Agreement (VSA), rather than full membership. FRENCH shipping giant CMA CGM has announced the extension of the Ocean Alliance cooperation with its partners Cosco Shipping, Evergreen and OOCL until 2027. This is an alliance worth noting; with CMA CGM;s last-years takeover of NOL and APL, the Ocean Alliance now controls 23.5 % of the world’s box space. ocean_alliance. These alliances are pragmatic arrangements, which means that their compositions change every few years. Ocean Alliance’s mission is to protect whales and their ocean environment through research, scientific collaboration, public education, and the arts. THE Alliance will have 28.68% market capacity on the Transpacific trade lane and 23.41% in Asia-Europe. But that leads to an important question: in view of the calamitous drop in ocean freight rates the past 18 months, do alliances and service agreements bring in more business, or does today’s horrific supply-demand equation make alliances immaterial? 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. Members of the OCEAN ALLIANCE, COSCO Container Lines, CMA CGM, Evergreen Line and Orient Overseas Container Line, today signed a document entitled the Day One Product, which sets out the proposed OCEAN ALLIANCE’s network, including port rotation for each service loop. Shipping companies need ocean alliances because operating expenses make up the majority of shipping company expenses. Most carriers run vessels at 18 knots an hour on this trade lane, and one-way transit time is about 5.5 weeks. CMA CGM, and its new partners, will offer more than 40 maritime loops, providing its customers with an enhanced network of services and fast transit times. For example, note that 2M is largely entirely absent from the Indian subcontinent. CMA CGM purchased APL, Hapag-Lloyd and UASC will merge, and the three Japanese carriers (KLINE, MOL, and NYK) have agreed to form a joint venture. How Beneficial Are Ocean Freight Industry Mergers? The Ocean Alliance has signed an agreement for its Day 4 product which will start operation in April 2020. Open "There are superyacht crews …. The Ocean Alliance brings together the world’s 3rd, 4th, 5th, and 9th largest container lines and is seen as a direct attempt to counterbalance the dominance of the 2M alliance in the market. Soon, container ships worldwide swelled to record capacities. Join our newsletter to receive Ocean Alliance’s latest news & events. Open. You may be able to arrange for additional sailings from your carrier because you have access to other vessels within the alliance. An ocean alliance is also commonly referred to as a shipping alliance. The new ocean carrier shipping alliances are fully operational as of April 2017. Ocean Alliance, is the world’s largest operational agreement between container shipping lines in the world and has Cosco (incorporating OOCL), CMA-CGM and Evergreen – 3rd, 4th and 7th largest container lines in the world respectively – as its members.. Read on: INFOGRAPHIC How Does The Ocean Alliance Compare to Other Alliances? The events of 2016 serve as a testament to how quickly the landscape in this industry can shift and how even these newly constructed alliances are always subject to potential change. Left to fend for itself after leaving the O3, UASC immediately put in a merger call for Hapag-Lloyd, with UASC making that announcement on 21 April. THE is another alliance marked by the industry’s recent moves towards greater consolidation. After Maersk launched their Triple E class ships in July 2013 (quickly surpassed in TEU capacity by both MSC and UASC ) the economy-of-scale these ULCC’s brought was quickly undermined by a massive shipbuilding boom that copied Maersk’s business model – with the unfortunate result of 37 VLCC in service today, with 72 more due to join the fleet by 2020. With 109 VLCC’s available at any given moment to carry boxes between Qingdao -Algeciras/Rotterdam, Shanghai - USWC, or Hong Kong-Savannah/Baltimore, does a shipper need to care if the name painted on the container does not match the carrier who owns that particular vessel? The main trade lane that is highly affected by this change and the main reason for the new alliances is the North America-Asia a.k.a. View. But shippers have enough carrier options that today there is a growing school of thought that says shipping alliances are now immaterial; that ocean freight is such a commodity product that the actual carrier is immaterial. These vessels will be operated and marketed by Maersk and MSC, downgrading HMM to slot buyer thereby removing their purchasing power. ONE COOLVANTAGE. The Company principal activity is in FREIGHT FORWARDING, PACKING AND CRATING SERVICES. The O/A Ocean Alliance represents about 26% of the global container capacity or about 5.5 million TEU. Ocean Alliance. Launched in 2017 for an initial period of five years with an option for a five-year renewal, Ocean Alliance is the world’s largest operational agreement between shipping companies. The largest shipping carriers form today’s 3 ocean alliances. It’s set to be the largest consortium in container shipping history, given its 350-strong container vessel fleet and a total carrying capacity of 3.5 million TEUs. 2M. Alliance Shippers Inc. is the winner of the Gold Medal for Intermodal Marketing Companies in Logistics Management Magazine’s Quest for Quality survey of transportation and logistics services providers. At the same time, it is important to note that they’re not the largest alliance; the 2M, (Maersk and MSC) control 27.7%, which means these two alliances control 51.2% of the world’s TEU’s. 9462017 APL SOUTHAMPTON 5895 views this month. MSC, Maersk, HMM. Get weekly insights into all things freight, delivered right to your inbox. 2016 has been a particularly tumultuous year marked by historically low ocean freight rates, major shifts in the alliance landscape, and rapid industry consolidation exacerbated by the recent Hanjin collapse. In short: no carrier can afford to buy and operate the number of vessels needed to offer weekly sailings across every port they serve. Sign up for a Flexport account or ask to see our platform in action. Ocean Alliance offers the most services, with some 40 loops. Launched in 2017 for an initial period of five years with an option for a five-year renewal, Ocean Alliance is the world's largest operational agreement between shipping companies. The Ocean Alliance brings together the world’s 3rd, 4th, 5th, and 9th largest container lines and is seen as a direct attempt to counterbalance the dominance of the 2M alliance in the market. CMA CGM, CSCL, OOCL, and Evergreen make up these ocean shipping alliances. COSCO is currently part of the CKYHE alliance that also includes Evergreen. It is late April in Alaska. The Company current operating status is live with registered address at PARC OLYMPIA. Sign up and be the first to know every time we release new content. As China’s economy contracted in 2014-2015, launching more of the innovative Triple E class only added to a supply-demand mismatch of global growth rates; global economic forecasts expect growth of 2.1% and 2.9% (2016, 2017) compared to TEU increases of 8.4% and 4.8% (2016-2017). The Ocean Alliance headquarters were established in 2011 after identifying an industry shortfall of local and international experience. Alliances let carriers offer more sailings with fewer vessels. The award measures customer satisfaction and performance excellence … His drive was a key interest in the development of the Australian charter & high-end brokerage market, coupled with the experienced representation and marketing of international cruising destinations. As a leading carrier in refrigerated cargo segment, ONE provides innovative and cutting-edge solutions for the perishable cargo industry. CMA CGM, CSCL, OOCL, and Evergreen make up these ocean shipping alliances. CMA CGM: a leading worldwide shipping group Our customer-oriented approach of cargo transportation and the high standard of our fleet made us grow 150% over the last 10 years. The Ocean Alliance is an attempt by the stronger carriers to market themselves as financially-capable of offering the global services necessary able to compete against the 2M – with the added bonus of marginalizing the remaining carriers. In 2015 Maersk Line and MSC launched the 10-year 2M Alliance vessel-sharing agreement on the Asia-Europe, trans-Pacific and trans-Atlantic trades, in an effort to better utilize their combined capacity in the wake of their failed bid to launch the P3 Network. Leave this field empty if you're human: ocean_alliance. All transactions are subject to Flexport’s standard terms and conditions, available at www.flexport.com/terms 沪ICP备16041494号, The Panama Canal is Getting Wider: Here’s What it Means for American Commerce, IMO 2020 Regulation: Impact On The Market, Businesses Look for Solutions to Address Ongoing Ocean Woes, Five Predictions to Shape Supply Chains in 2021, As Brexit Transition Ends, New UK Generalized System of Preferences Begins. The signing ceremony took place in Hainan, China, with the executives of COSCO SHIPPING, Evergreen and OOCL. View. An impending consequence of the Xeneta-documented drop in ocean freights is the potential bankruptcies of Hyundai (HMM) and Hanjin Shipping; their probable merger would undermine both the G6 and the CKYHE, thereby forcing NYK (G6), Yang Ming (CKYHE), and MOL (G6) to fight for market share to remain relevant, if not profitable. As a result, many of the carriers are looking for a niche to keep them afloat until freight rates improve. The OCEAN Alliance brings together the recently formed China Cosco Shipping with Evergreen Line, CMA CGM, and Orient Overseas Container Line (OOCL) in a vessel and slot sharing agreement. There are currently four major carrier alliances in the market but by the start of the new contract season there will be only three major alliances, of which only one has a romantic name. This is an alliance worth noting; with CMA CGM;s last-years takeover of  NOL and APL, the Ocean Alliance now controls 23.5 % of the world’s box space. The new merger would push 2M’s container market share to 33.4%. International ocean freight forwarding services are provided by Flexport International LLC, a licensed Ocean Transportation Intermediary FMC# 025219NF. CMA-CGM, Cosco Group, OOCL and Evergreen. Contractually require ocean carriers to carry a certain percentage of your cargo on their own vessels, and ensure that a certain percentage is on specific vessels within an alliance. Instead of cooperating to move passengers, ocean carriers cooperate to move freight. 9462017 APL SOUTHAMPTON 5914 views this month. It became official on 19 April; the O3 became the Ocean Alliance. Sustainable Ocean Alliance (SOA) is a nonprofit organization based in San Francisco, California that develops leaders, cultivates ideas, and accelerates solutions in the field of ocean health and sustainability.. Daniela V. Fernandez founded SOA in 2014 while she was an undergraduate to give young people a voice and a platform to effect real change on behalf of our ocean and climate. Ocean Alliance, Inc., a 501(c)(3) not-for-profit Organization, and was founded in 1971. I agree to the storing and processing of my personal data by Flexport as described in the Terms of Service and Privacy Policy. INFOGRAPHIC How Does The Ocean Alliance Compare to Other Alliances? LTD. was incorporated on 13 December 2006 (Wednesday) as a Exempt Private Company Limited by Shares in Singapore. The airlines you fly with organize themselves in alliances, and so do ocean carriers. With Ocean Alliance released its long-awaited network information, with members CMA CGM, China Cosco Shipping, Evergreen Line, and Orient … English, Hindi, Arabic, Tagalog, Farsi 9232632 SFL EUROPA 4400 views this month. Under the agreement, HMM will purchase slots on the 2M routes connecting Asia with North Europe, the Mediterranean and the US East Coast, while continuing to operate Asia – US West Coast services on its own, with Maersk and MSC taking slots. The Alliance is often seen as a direct attempt to balance the dominance of the 2M alliance. U.S. trucking services are provided by Flexport International, LLC, a FMCSA licensed property broker USDOT #2594279 and MC #906604-B. Around 2008, Maersk began investing in a new fleet of vessels, larger than any before. OCEAN ALLIANCE SHIPPING PTE. However the UASC-Hapag purchase makes sense as it combines UASC’s megaships with Hapag’s worldwide organization and first-class management. RATE ALERT: Xeneta Says December Spot Rates China – Europe +50%, [Webinar Recap] Nov 2020 State of the Ocean Freight Market, Golden Week Alert: Xeneta Reports Spot Rates on Trans-Pacific -2% While Far-East to N.Europe +2.4% WoW. Ocean Shipping Alliances: Do They Still Matter? The Ocean Alliance’s services and routes include over 40 weekly services, which includes some 498 port calls. Carrier alliances are vessel-sharing agreements: all carriers within an alliance pool together their fleets of ships, moving containers on one anothers’ behalf to extend their service offerings and geographic coverage. No, it really does not. 223 ships with a capacity of around 2.4 million TEUs operating 25 weekly services globally covering 1327 port pairs. In other words, it takes a vessel 11 weeks to loop Busan and Rotterdam. Maersk and MSC have a combined capacity of about 6 million TEUs, and that’s about 29.5**% of the overall global market share** in container capacity. The result is too many boxes pursuing too little freight and the carriers are caught in a perfect storm of unprofitability that is rocking every factor of shipping today. So, you might wonder: if carriers’ vessels have so much spare capacity, why would they need to pool their resources through an alliance? This follows CMA’s recent takeover of Neptune Orient Lines and the consolidation of its APL, USL, and ANL brands, as well as COSCO’s giant merger with China Shipping. The Ocean Alliance has announced changes in two Asia-Europe products, Loop 4 (LL4) and Loop 5 (LL5), in order to offer "more competitive and … But, what does this really mean? The answer leans to ’immaterial’ as the Law of Unintended Consequences seems to have been written for the box carriers. The Ocean Alliance is a very ambitious operational agreement. View. Members. Maersk and MSC will take control of an undisclosed number of vessels currently operated by HMM on the Asia – Europe and Asia – USEC routes. Members of the OCEAN Alliance, CMA CGM, COSCO Shipping Lines, OOCL and Evergreen, have signed documents to confirm the extension of the duration of OCEAN Alliance to ten years, until March 31, 2027. and then there is. These new larger vessels would give Maersk a prohibitive advantage in the market: with lower operating costs per container than any other carrier, they would be able to dominate on price. 9232632 SFL EUROPA 4359 views this month. READ MORE. Ocean Alliance Shipping: addresses with entrances on the map, reviews, photos, phone numbers, opening hours and directions to these places. Instead of dedicating 11 vessels to this lane, a carrier can rely on the vessels of others in the same alliance. Hapag-Lloyd is looking to finalize talks to bring its merger with UASC to completion, while the three Japanese carriers in the alliance announced their intentions to merge, creating the sixth largest container operator in the world. 9462342 BOA BALDER Details of the Alliance. Understanding these alliances and how they operate is therefore key to understanding global trade. These new ocean alliances will represent 77.2% of global container capacity and 96% of all East-West trades’ container capacity. 2 years, 100 destinations. For example: let’s say that you want weekly service between Busan and Rotterdam, with various port calls in between. The Ocean alliance will represent roughly 26% of global container capacity or about 5.5 million TEU’s. We highly recommend reading our piece introducing the major ocean carriers to understand more about each of these companies. 9462342 BOA BALDER The Ocean Alliance will own 41.43% market capacity on the Transpacific trade lane, and 34.86% in Asia-Europe, allowing for considerable strength across both major trade lanes. Alliance. This follows CMA’s recent takeover of Neptune Orient Lines and the consolidation of its APL, USL, and ANL brands, as well as COSCO’s giant merger with China Shipping. You may need to contract across alliances, not carriers, to manage risk. The main reason for the alliance is the acquisition of CMA / CGM by Neptune Orient Lines, as well as the merger of COSCO with China Shipping. The assembly of both the Ocean and THE alliances were in part, at least, to challenge the dominance of the longstanding 2M alliance (particularly now that they will incorporate HMM in some capacity to boost their Transpacific market share). 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