CMA CGM, COSCO SHIPPING, Evergreen and OOCL have signed an agreement which extends the Ocean Alliance cooperation until 2027.

The alliance was launched in 2017 for an initial period of five years, with the option to renew it for another five years.

The shipping partners recently rolled out the third phase of their collective service network, offering 38 services operated by approximately 330 container vessels with an estimated total capacity of 3.8 million TEUs.