Evergreen and Cosco will not switch alliances until the end of March next year. The pair are set to join OOCL and CMA CGM in a new alliance, called the Ocean Alliance, a amove that will shred almost all existing container grouping agreements.
In a release today the members of the CKYHE Alliance – which comprises Cosco, K Line, Yang Ming, Hanjin and Evergreen – outlined changes to calls from Asia to the US East Coast. More importantly, the grouping said the current cooperation would last until the end of March next year.
OOCL will exit the G6 Alliance come next year, while CMA CGM will back out of the O3 alliance in order to form this new group. APL, which is being bought out by CMA CGM, will likely join the Ocean Alliance too.