Freight News, Sea

CMA CGM set to join new box grouping

[ September 8, 2014   //   ]

CMA CGM is to join forces with United Arab Shipping (UASC) and China Shipping in a new east-west trade vessel sharing agreement, according to recent reports. The new CUC Alliance will operate on all major trades, but particularly on the Asia/Europe axis, along with Transpacific services to and from the US east and west coasts and between Europe and the Mediterranean.

CMA CGM found itself in need of alliance partners after the Chinese brought plans for a ‘P3’ grouping between CMA CGM, MSC and Maersk to a halt. The latter two lines subsequently agreed to set up their M2 vessel sharing agreement, leaving CMA CGM out in the cold.

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