Top 5 Shipping Alliances

In the shipping sector, low pricing and wide service coverage are two things that carriers must provide to customers in order to make their business profitable. To enable this, shipping alliances are forged.

A shipping alliance or an ocean alliance is a group of carriers or shipping companies which come together through a cooperative agreement, covering several trade routes among its members.

They also commit to vessel-sharing agreements to help cover as much of the shipping market as possible and also gain access to ships owned by other carriers in the alliance. This cooperation also allows alliance members to increase their customer base and offer lower prices.

Let us look at the 5