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Hapag-Lloyd and Maersk signed an agreement for a long-term operational collaboration called “Gemini Cooperation”
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The agreement starts in February 2025
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Gemini Cooperation will comprise a fleet pool of around 290 vessels with a combined capacity of 3.4 million TEUs
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Maersk will deploy 60% of the fleet and Hapag-Lloyd 40%
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The cooperation will cover seven trades and comprise 26 mainline services
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Once the network is fully phased in, the two companies are targeting to deliver schedule reliability of above 90%
Hapag-Lloyd and Maersk have agreed to a long-term operational collaboration called “Gemini Cooperation” starting February 2025, the companies said in a statement.
“Teaming up with Maersk will help us to further boost the quality we deliver to our customers. Additionally, we will benefit from efficiency gains in our operations and joint efforts to further accelerate the decarbonization of our industry,” said Rolf Habben Jansen, CEO of Hapag-Lloyd.
The new cooperation will comprise a fleet pool of around 290 vessels with a combined capacity of 3.4 million containers (twenty-equivalent unit); Maersk will deploy 60% and Hapag-Lloyd 40%.
The cooperation will cover seven trades: Asia/US West Coast, Asia/US East Coast, Asia/Middle East, Asia/Mediterranean, Asia/North Europe, Middle East – India/Europe and Transatlantic.
Gemini Cooperation will comprise 26 mainline services. The mainline ocean services will be complemented by a global network of dedicated shuttles centered d around owned and/or controlled transhipment hubs – 14 shuttle services in Europe, four in the Middle East, 13 in Asia and one in the Gulf of Mexico. These shuttle services will offer a fast connection with flexible capacity between hubs and ports served by shuttle services, and vice versa.
Both companies will provide dedicated operational teams to manage the cooperation.
“We are pleased to enter this cooperation with Hapag-Lloyd, which is the ideal ocean partner on our strategic journey. By entering this cooperation, we will be offering our customers a flexible ocean network that will be raising the bar for reliability in the industry. This will strengthen our integrated logistics offering and meet our customers’ needs,” said Vincent Clerc, CEO of Maersk.
As a part of the agreement, the two companies are targeting to deliver schedule reliability of above 90% once the network is fully phased in. As well as improved service quality, customers will benefit from improved transit times in many major port-to-port corridors and access to some of the world’s best connected ocean hubs.
Both companies said they are committed to the decarbonization of their fleets and have set the most ambitious decarbonization targets in the industry with Maersk aiming for net-zero in 2040 and Hapag-Lloyd in 2045.
As a consequence of joining this cooperation, Hapag-Lloyd will leave THE Alliance end of January 2025. In January 2023, Maersk and MSC announced that the 2M alliance will end in January 2025.
READ: Maersk, MSC ending 2M alliance in January 2025
During 2024, Maersk and Hapag-Lloyd will plan the transition from their current alliances to the new operational cooperation. Service to customers will continue along existing agreements.
