The agreement, inked with the executives of Cosco Shipping, Evergreen and OOCL, will further strengthen the CMA CGM Group's service offer, the French shipping carrier said.

Building on the success of the previous Ocean Alliance's product, the Day 3 Product will bring the CMA CGM Group's clients an optimised offer through 38 services deploying about 330 container ships - 111 operated by the CMA CGM - and allowing it to continue to play a major role within the alliance with a combined capacity of 3.8 million TEU.

CMA CGM described the new product as "the largest service offer on the Transpacific trade with 19 services". The Day 3 Product provides a strengthened offer between Asia and Europe with the addition of a seventh service; a large offer between Asia and the Mediterranean with 4 services and two Transatlantic services linking North Europe to the East Coast of the United States and the Gulf of Mexico. It's the only alliance offering four services between Asia and the Middle East and two Asia-Red Sea services.

Commenting on the occasion, the chairman and CEO of the CMA CGM Group, Rodolphe Saade, stated: "This new agreement with our Asian partners will enable us to propose to our customers an unrivaled and competitive service offering. It is a milestone in our development strategy. It reinforces the CMA CGM Group in its key position within the industry."

OOCL's Co-CEO Andy Tung said: "We are very proud to be rolling out a renewed set of industry-leading products in the third phase of the OCEAN Alliance product line this year.

"In today's tough industry environment and volatility in the global marketplace, it is important that we are able to maintain our operational agility and move quickly to adopt to any changes in the global supply chain. The refinements that we have made proves our commitment to not only meeting the evolving needs of the market, but also ensuring customers are well served with the best selection and most competitive suite of products."