NEW VESSEL AGREEMENT

Crucial changes are coming!

By 2025, global shipping alliances will undergo significant restructuring, reshaping container shipping dynamics.

Key developments include the dissolution of 2M and THE Alliance, the formation of Premier Alliance and Gemini Cooperation, and evolving collaboration strategies. These changes aim to streamline operations, optimize capacity, and improve cost efficiency.

Below are the main highlights:

• Premier Alliance: Launching in February 2025, this rebranded successor to THE Alliance includes ONE, Yang Ming, and HMM but excludes Hapag-Lloyd.

• Gemini Cooperation: Starting January 2025, this partnership between Maersk and Hapag-Lloyd emerges after their exits from 2M and THE Alliance, focusing on building a flexible, competitive global network.

• Ocean Alliance: Extended until 2032, it continues unchanged with CMA CGM, Evergreen, Cosco, and OOCL.

• Standalone Carriers: MSC and ZIM operate independently while forming selective partnerships. For instance:

• MSC and ZIM will launch joint services on Asia-US East Coast and Gulf trades in February 2025.

• MSC and Premier Alliance will cooperate on Asia-Europe routes through a slot exchange arrangement, enabling nine weekly services starting February 2025.