Ocean Carrier Alliances
Steamship lines who agree to combine and share modes of capacity, terminal access, shipping routes, chassis, and other resources to maximize efficiency. By sharing assets, these companies can send out fewer ships, while still providing products to their customers in a competitive and global market. For example, The Grand Alliance consists of Hapag-Lloyd, NYK Line, OOCL, and the Malaysia International Shipping Company. By consolidating their resources, this group now has access to 337 container ships and has a carrying capacity of well over 900,000 TEUs. Alliances such as this one have helped smaller shipping liners to compete with larger lines like Maersk.