Maersk and Hapag-Lloyd agree to “operational cooperation”
Hapag-Lloyd AG and Maersk have signed an agreement for a new long-term operational collaboration called ”Gemini Cooperation”, which is set to start in February 2025.
The goal of the deal is to deliver a flexible and interconnected ocean network with industry-leading reliability. The new cooperation between Hapag-Lloyd and Maersk will comprise a fleet pool of around 290 vessels with a combined capacity of 3.4 million containers (TEU). Maersk will deploy 60 per cent and Hapag-Lloyd 40 per cent.
“Teaming up with Maersk will help us to further boost the quality we deliver to our customers,” said Rolf Habben Jansen, CEO of Hapag-Lloyd. “Additionally, we will benefit from efficiency gains in our operations and joint efforts to further accelerate the decarbonization of our industry.”
As a part of the agreement, the two companies have set the target of delivering schedule reliability of above 90 per cent once the network is fully phased in. As well as improved service quality, customers will see improved transit times in many major port-to-port corridors and access to some of the world’s best connected ocean hubs, the companies said.
“We are pleased to enter this cooperation with Hapag-Lloyd, which is the ideal ocean partner on our strategic journey,” said Vincent Clerc, CEO of Maersk. “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.”
Both companies are committed to the decarbonisation of their fleets and have set the most ambitious decarbonisation targets in the industry with Maersk aiming for net-zero in 2040 and Hapag-Lloyd in 2045.
By joining this cooperation, Hapag-Lloyd will leave THE Alliance at the end of January 2025. In January 2023, Maersk and MSC announced that the 2M alliance will end in January 2025.
During 2024, Maersk and Hapag-Lloyd will carefully plan the transition from their current alliances to the new operational cooperation. Concurrently, service to customers will continue along existing agreements.