Ocean Alliance deal extended to 2032

The Ocean Alliance group of container carriers has extended their partnership for another five years.

Founded in 2017 under a 10-year deal, the liner grouping comprised of CMA CGM, Cosco Shipping, Evergreen and OOCL has agreed to continue their vessel-sharing agreement until the end of March 2032.

The latest agreement was not a baseline assumption of analyst Lars Jensen, chief executive at Danish consultancy Vespucci Maritime. “I had expected them to split up, but here we are,” he wrote in a LinkedIn post on Tuesday. 

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