UASC may join CMA CGM – CSCL alliance
Time：2014-07-17
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In its latest weekly newsletter analyst Alphaliner said CMA CGM will be looking for new partners after it was left in the cold by Maersk Line and the Mediterranean Shipping Co.
It said that as Maersk and MSC form 2M the termination of cooperative agreements CMA CGM has with Maersk on the Far East – Mediterranean trade, with MSC on Asia – North Europe, and both lines on the transpacific, would leave it with “significant service gaps which it can only fill through new slot arrangements with other carriers.”
Alphaliner believes CMA CGM has very limited options and will need to decide whether or not it wants to go it alone individual slot share arrangements or join another alliance.
“However, it seems more likely for the French Line to seek a new alliance arrangement. In this respect, CSCL and UASC appear to be the most likely partners for CMA CGM, as other carriers are either already members of existing alliances or simply too small,” Alphaliner commented in its report.
The report even went as far as to give the potential new alliance a name dubbing it 2CU.
Such an alliance would essentially split the Asia – Europe market four ways between it 2M, CKYHE and G6. It would have the smallest share on Asia – North Europe with a 19 per cent share of the market, while the potential alliance would have the second largest market share on Asia – Mediterranean with 21.6 per cent share.