CP Ships to join Grand Alliance in transpacific
Grand Alliance members Hapag-Lloyd, NYK Line, OOCL and P&O Nedlloyd have filed with the U.S. Federal Maritime Commission a modification to include CP Ships in the alliance for services in the transpacific trade.
Hapag-Lloyd acquired CP Ships for $2.3 billion in December. CP Ships’ inclusion will help cover the loss of P&O Nedlloyd, the largest carrier in the Grand Alliance, who will leave the group in February following its takeover by A.P. Moller-Maersk in August.
The parties have requested expedited review of the modification to the agreement.
CP Ships to join Grand Alliance in transpacific
