In response to the challenges posed by fluctuating markets and disruptions in the supply chain, leading shipping companies Maersk and Hapag-Lloyd have announced a groundbreaking operational collaboration named Gemini Cooperation. This long-term partnership, set to commence in February 2025, aims to establish a best-in-class global shipping network to address the growing demand for reliability in supply chains.
The collaboration between Maersk and Hapag-Lloyd is founded on a shared commitment to delivering quality service amidst the complexities of global trade. The primary focus of the partnership is to enhance schedule reliability, expand the global network, reduce transit times, and minimize the carbon footprint.
Key facts about the Gemini Cooperation:
- The new network, effective from February 1, 2025, will consist of approximately 290 vessels with a combined capacity of 3.4 million containers (TEU). Maersk will contribute 60%, and Hapag-Lloyd will contribute 40% to this fleet pool.
- The collaboration covers seven major trade routes: Asia/North Europe, Asia/Mediterranean, Middle East – India/Europe, Asia/Middle East, Asia/US East Coast, Asia/US West Coast, and Transatlantic. It includes 26 mainline services supported by a global network of dedicated shuttles.
- The ambitious target of achieving schedule reliability above 90% has been set for the fully phased-in network. Customers can expect improved service quality, reduced transit times, and access to strategically connected ocean hubs.
- The partnership will facilitate a more agile and flexible approach to supply chain management, offering customers greater flexibility in choosing transportation modes, including inland, rail, barge, or air.
- Both Maersk and Hapag-Lloyd are committed to the decarbonization of their fleets, with Maersk aiming for net-zero emissions by 2040 and Hapag-Lloyd targeting 2045.
As part of this collaboration, Hapag-Lloyd will exit THE Alliance at the end of January 2025. In preparation for the transition, Maersk and Hapag-Lloyd will meticulously plan the shift from their current alliances throughout 2024, while ensuring uninterrupted service to their customers.
The “Gemini Cooperation” represents a strategic move by these industry leaders to fortify their global shipping networks, providing customers with enhanced reliability, efficiency, and sustainability in an ever-evolving business landscape.
