Hapag-Lloyd and Maersk formed a long-term alliance, known as Gemini Co-operation, starting February 2025 with 3.4 million containers (TEU) in total capacity, the two shipping companies announced on Wednesday.
The two companies announced in a joint statement, that as part of the agreement they have set the ambitious goal of delivering schedule reliability of above 90 per cent once the network is fully phased in.
According to Rolf Habben Jansen, Hapag-Lloyd’s CEO, the company will gain from increased operational efficiency and collaborative efforts to further accelerate the decarbonisation of the broader industry. Vincent Clerc, his counterpart at Maersk, stated that the agreement would improve integrated logistics offerings and increase service dependability.
Maersk will deploy 60 per cent of the 290 vessels in the shared pool, which includes the top 5 container ship operators in the world, and Hapag-Lloyd will deploy 40 per cent.
For Hapag-Lloyd, the deal replaces “THE Alliance”, at the end of January 2025 amid the agreement.
Shortly after the announcement, Maersk shares rose 1 per cent and Hapag shares rose 2.6 per cent.
