While much fanfare has been made on the agreement it is notable that this is not a … The 2M TA4 service is removed through the end of the year. April 1, 2017, was the start of two new global shipping alliances; THE Alliance of NYK Line, Hapag-Lloyd, "K" Line, Yang Ming Line, and MOL, and the Ocean Alliance of Orient Overseas Container Line, CMA CGM, Evergreen Line, APL, and China Cosco Shipping. Nov 10, 2020 Ocean Alliance members extend agreement till 2027 TAGS: Europe Containers Regions Containers container shipping COSCO OOCL CMA CGM Evergreen alliance E Weekly Headlines The Ocean Alliance (CMA CGM/APL, Cosco Shipping/OOCL, and Evergreen Line) will be applying minimal changes to its service network for 2020, like implementing its “Day 4” schedule in April, promising more port calls, more direct links, and better transit times. The Ocean Alliance has signed an agreement for its Day 4 product which will start operation in April 2020. The OCEAN Alliance will provide broader coverage, better and more stable service in following trade lanes: Ocean Alliance Day 4 will launch in April, offering more port calls, more direct links, and better transit times, according to CMA CGM. MARKET OUTLOOK DECEMBER 2020 OCEAN FREIGHT RATES ... Rates remain stable while THE Alliance will have 2 blank sailings in December on the AL1 & AL4. OCEAN Alliance launches 2020 service products. The deep ocean is Earth’s final frontier, which we are exploring more than ever and in new and innovative ways. Enhancements include the use of 325 container ships, 38 services, and an estimated carrying capacity of around 3.8 million TEUs (Twenty-foot Equivalent Units), according to officials. According to CMA CGM's statement, through Ocean Alliance, CMA CGM offers its customers more port calls, more direct links and better transit times, thus reinforcing its competitiveness. One of Australia’s Leading Yacht Agents, providing luxury Superyacht Charters and Yacht Hire Services in Sydney, Australia and International Locations. The agreement, signed on January 9 th, will see the use of 325 container ships, 38 services and the carrying of an estimated 3.8 million TEUs.. Florida Ocean Alliance 401 E. Las Olas Blvd., Suite 130-224 Fort Lauderdale, FL 33301-2206 Following the PR from THE Alliance (released on 16th January 2020), the members of THE Alliance, Hapag-Lloyd, Hyundai Merchant Marine, Ocean Network Express, and Yang Ming announced on 24th February, the updated details of 2020 Service Network, focusing on Asia-Middle East trade-lane. CMA CGM, COSCO, Evergreen and OOCL signed today (January 9, 2020) the launch of Ocean Alliance Day 4 Product, which will start in April 2020. The OCEAN Alliance Day 4 is improving and optimizing global network based on 2019 Day 3 product, intends to deploy estimated total carrying capacity around 320 vessels with 3.76 million TEUs. Under the Ocean Alliance Day 4 product CMA CGM, Cosco Shipping, Evergreen and OOCL have outlined the latest service offering which will begin in April 2020.. Event details for all events organized by the Sustainable Ocean Alliance for UN World Oceans Day 2020. Moderate decline in capacity as some carriers refuse to move low paying cargo and return empties back to Asia.