Battle looms in container shipping

Ocean Alliance to deploy 350 vessels to take on major rival 2M

Ocean Alliance ,formed by China COSCO Shipping Corp Ltd,France’s CMA CGM SA and another two partners in April, on Thursday announced it will deploy 350 container vessels to the global market to further challenge 2M,another major global container carrier alliance.

With a total carrying capacity of 3.5 million twenty-foot equivalent units, or TEUs, OCEAN Alliance will be able to provide a service coverage in the market on a number of trade lanes including 20 trans-Pacific and six Asia-Europe shipping services.

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2017-03-23 14:58


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