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The world’s third-largest container carrier CMA CGM recently attended a meeting in Shanghai where the possibility of a new French-Asian alliance was discussed with the newly formed China Cosco Shipping Corporation – which is made up of Cosco and CSCL – according to Shipping Watch.

The proposed merger would also include Orient Overseas Container Line.   

Read: Will New Mergers Impact the Supply Chain?

Lars Jensen, CEO of Sea Intelligence Consulting, said: "In today's market, it's absolutely crucial to be part of a major alliance.

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“UASC would come under severe pressure if this new alliance becomes reality.

Read: CMA CGM Harmonise Asia-Europe Offering

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"It would very much disrupt the scenario we have today, and it would raise numerous questions and create new challenges.

Mr Jenson concluded: “With APL out of the G6 alliance, we're now looking at G5. And if OOCL also walks out, it'll be G4. This puts Hapag-Lloyd, in particular, in a wholly new and unclear situation."