Carrier Positions For 2025 Restructure Become Clear

February 28, 2024

Carrier Positions For 2025 Restructure Become Clear

An announcement this week by The Ocean Alliance members, seems to settle the direction of the major carriers ahead of 2025 restructure.

The news is that CMA CGM, Cosco, OOCL and Evergreen have extended the Ocean Alliance vessel-sharing agreement until 2032, which clears up any rumours that one of the partners may be ‘jumping ship’ to THE Alliance (THEA) to replace Hapag Lloyd.

Maersk and Hapag Lloyd surprised the industry last month, by confirming they would be working together in the new Gemini Cooperation from 2025. Perhaps the biggest surprise was that Hapag Lloyd were already the most prominent partner in THEA, along with ONE, Yang Ming and HMM.

The Ocean Alliance announcement seems to confirm the 2025 positions for the world’s top ten carriers, but that does seem to leave THEA one significant member short.  With Hapag Lloyd departing, THEA will become a cooperation of exclusively Asian based carriers, and three could become four if there are any truth in rumours that Taiwanese carrier Wan Hai Lines are being considered as an additional member.

When 2025 arrives, we will see the biggest restructuring of global carrier alliances in years, as the current arrangements have been pretty much in place since the aftermath of Korean carrier Hanjin suspending operations in 2016. Changes to the current format started last year when Maersk and MSC announced they would be ending their 2M alliance agreement.

 

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