THE BUSINESS OF INTERNATIONAL TRADE
THE BUSINESS OF INTERNATIONAL TRADE
Hapag-Lloyd and Maersk A/S, two of the largest shipping, logistics and container transportation companies in the world, have signed an agreement for a new collaboration. The operational arrangement, which will be called Gemini Cooperation, will start in February 2025. It is expected to be a long-term commitment and each company will provide dedicated operational teams to manage the cooperation
As a consequence Hapag-Lloyd will leave THE Alliance at the end of January 2025. In January 2023, Maersk and MSC already announced that the 2M alliance will end in January 2025. Until then service to customers will continue along existing agreements.
The companies’ announcement said that their ambition is to “deliver a flexible and interconnected ocean network with industry-leading reliability.” Their target is schedule reliability of above 90% once the network is phased in. As well as improved service quality, customers will also benefit from improved transit times in many major port-to-port corridors and access to some of the world’s best connected ocean hubs.
The new cooperation will comprise a fleet pool of around 290 vessels with a combined capacity of 3.4 million containers (TEU), of which Maersk will deploy 60% and Hapag-Lloyd 40%. It will cover seven trade routes: Asia/US West Coast, Asia/US East Coast, Asia/Middle East, Asia/Mediterranean, Asia/North Europe, Middle East-India/Europe and Transatlantic. The ocean services will be complemented by a network of dedicated shuttles centred around owned and/or controlled transhipment hubs - 14 shuttle services will be located in Europe, 4 in the Middle East, 13 in Asia and 1 in the Gulf of Mexico.
Vincent Clerc, CEO of Maersk described Hapag-Lloyd as “the ideal ocean partner on our strategic journey. By entering this cooperation, we will be offering our customers a flexible ocean network that will be raising the bar for reliability in the industry. This will strengthen our integrated logistics offering and meet our customers’ needs.”
“Teaming up with Maersk will help us to further boost the quality we deliver to our customers. Additionally, we will benefit from efficiency gains in our operations and joint efforts to further accelerate the decarbonisation of our industry,” added Rolf Habben Jansen, CEO of Hapag-Lloyd. Both companies have ambitious decarbonisation targets with Maersk aiming for net-zero in 2040 and Hapag-Lloyd in 2045.
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