The member companies of the Ocean Alliance have agreed to extend their cooperation through March 31, 2027. The companies include: CMA CGM, Evergreen Line, Cosco and Orient Overseas Container Line (OOCL). The Alliance formed in 2017 for and initial period of five years with an option for a five-year renewal, which they have opted to take only two years into the partnership. The OCEAN Alliance’s revised network taking effect in April will involve the deployment of approximately 330 containerships with a carrying capacity of around 3.8m TEU across 38 services. Ocean Alliance is the world’s largest operational agreement between shipping companies.