CMA CGM, CSCL and UASC form Ocean Three trade pact

French line CMA CGM announced the forming of the “Ocean Three” trade alliance, after signing agreements with China Shipping Container Lines (CSCL) and the United Arab Shipping Company (UASC).

The agreements concern the Asia-Europe, Asia-Mediterranean, Transpacific and Asia-United States East Coast maritime trade routes and include a combination of Vessel Sharing Agreements, Slot Exchange Agreements and Slot Charter Agreements.

The pact will consist of four weekly services on the Asia-Europe branch, in addition to two existing services, while Asia-Mediterranean trade will feature four weekly services – two to the Mediterranean, one to the Adriatic and the only one on this market to the Black Sea.