CMA CGM extends 'OCEAN Alliance' with COSCO, Evergreen and OOCL to 2032

Evergreen Marine Taiwan

27/02/2024 08:29

PARIS, Feb 27 (Reuters) - French shipping company CMA
CGM and its business partners COSCO Shipping  601919.SS ,
Evergreen  2603.TW  and OOCL said on Tuesday that they had
agreed to extend their 'OCEAN Alliance' co-operation deal for
another five years beyond 2027, to 2032.
    The 'OCEAN Alliance' partnership aims to help customers deal
with their supply chains by offering up fast transit times and
access to a wide range of ports, said CMA CGM.
    The agreement to extend the partnership was signed in
Shanghai on Tuesday.
    "The decision to extend our co-operation for at least five
more years forges out commitment to meet our customers' needs
and build even more secure, reliable and sustainable supply
chains," said CMA CGM Chairman and CEO Rodolphe Saade.    

 (Reporting by Tassilo Hummel and Gus Trompiz;
Editing by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))