The Ocean Alliance revealed it is contemplating the deployment of vessels in size from 4,200 TEUs to up to 18,000 TEUs on the transpacific trade.
The Ocean Alliance is a vessel sharing agreement between liner carriers CMA CGM of France, China’s COSCO Container Lines, Evergreen Line of Taiwan and Japan’s OOCL.
In a filing with the Federal Maritime Commission (FMC) last week, Ocean Alliance members said they expect to launch the vessel sharing agreement in April 2017.
The agreement will also cover services not regulated by the FMC, for example, the Asia-Europe, the Asia-Mediterranean, the Asia-Red Sea and the Asia-Middle East trades. All told, the Ocean Alliance said earlier this year it expects to operate over 350 containerships in 40 services globally, including about 20 services each in U.S. and Europe related trades.
CMA CGM had its 18,000-TEU ship, the CMA CGM Benjamin Franklin, make several experimental voyages to U.S. West Coast ports late last year and early this year. In March, the French carrier revealed it would put a string of six of the 18,000-TEU ships onto the Far East-West Coast trade, but in April, it changed its mind and said it was postponing those plans, given the transpacific market situation and a desire to optimize the use of its fleet.
In a filing with the FMC last week, the Ocean Alliance said it could adjust the number and size of ships up and down and could operate up to 220 ships ranging in size up to 21,000 TEUs without revising the agreement.
The carriers said ships will be deployed as far as possible under a “best vessel for the service” practice where ships are assigned to services to maximize operational and cost efficiencies.
In addition, the carriers noted they will establish an operation coordination center to coordinate, operate, manage and maximize the efficiency of the services. The service would monitor the Ocean Alliance network and performance, update and coordinate schedules, ensure schedule integrity and service quality, and support the member lines in their monthly financial settlement.
The agreement is a five year-agreement, but can be extended another five years without amendment.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now