Maersk and Hapag-Lloyd Announce Details of Gemini Cooperation, Offering Flexible Ocean Network Options

Maersk and Hapag-Lloyd Announce Details of Gemini Cooperation, Offering Flexible Ocean Network Options

(IN BRIEF) Maersk and Hapag-Lloyd have unveiled more details about their joint ocean network, Gemini Cooperation, set to launch in February 2025. The collaboration will provide two flexible network options, aiming for over 90% schedule reliability. In response to Red Sea disruptions, they’ve also developed an alternative Cape of Good Hope network. The companies will finalize the network decision in October 2024, offering either 300 or 340 vessels across 57 or 59 services. The goal is to enhance reliability and sustainability for East-West trade customers.

(PRESS RELEASE) HAMBURG/COPENHAGEN, 11-Sep-2024 — /EuropaWire/ — Maersk A/S and Hapag-Lloyd AG have announced further details regarding their Gemini Cooperation, a joint ocean network that is set to launch in February 2025. This collaboration aims to offer industry-leading schedule reliability, targeting over 90% once fully operational. The network will cover East-West trade routes, providing customers with two distinct options: the Suez Network and the Cape of Good Hope Network.

The two shipping giants have spent the past year refining the operational details and service maps to ensure flexibility and resilience. In response to ongoing disruptions in the Red Sea, the companies have also developed an alternative Cape Network to guarantee continuous service.

Maersk CEO Vincent Clerc and Hapag-Lloyd CEO Rolf Habben Jansen highlighted the importance of reliability and sustainability in the collaboration, emphasizing their commitment to transparency and customer planning. Depending on the network selected, the Gemini Cooperation will consist of either 300 or 340 vessels, with between 27 and 29 mainliner services and 30 shuttle services supporting the network.

This joint effort is expected to raise the bar for reliability in the shipping industry and deliver significant benefits to customers seeking dependable ocean freight solutions. The final network decision will be announced in October 2024.

About Hapag-Lloyd
With a fleet of 287 modern container ships and a total transport capacity of 2.2 million TEU, Hapag-Lloyd is one of the world’s leading liner shipping companies. In the Liner Shipping segment, the Company has around 13,700 employees and 400 offices in 140 countries. Hapag-Lloyd has a container capacity of 3.2 million TEU – including one of the largest and most modern fleets of reefer containers. A total of 114 liner services worldwide ensure fast and reliable connections between more than 600 ports on all the continents. In the Terminal & Infrastructure segment, Hapag-Lloyd has equity stakes in 20 terminals in Europe, Latin America, the United States, India and North Africa. Around 2,900 employees are assigned to the Terminal & Infrastructure segment and provide complementary logistics services at selected locations in addition to the terminal activities.

About Maersk
A.P. Moller – Maersk (Maersk) is an integrated logistics company working to connect and simplify its customers’ supply chains. As a global leader in logistics services, the company operates in more than 130 countries and employs around 100,000 people world-wide. Maersk has a fleet consisting of around 700 owned and chartered vessels with a total capacity of more than 4 million TEU. APM Terminals, an affiliate of Maersk, operates 60 ports and terminals across 33 countries under the APM Terminals brand or together with a joint venture partner. Maersk is aiming to reach net zero emissions by 2040 across the entire business with new technologies, new vessels, and low-emission fuels.

Disclaimer
This press release contains forward-looking statements that involve a number of risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to significant risks, uncertainties and contingencies. Actual results can differ materially from those anticipated in the Company’s forward-looking statements.

Media Contacts:

Nils.Haupt@hlag.com
+49 40 3001 – 2263

Hanja Maria.Richter@hlag.com
+49 40 3001 – 5102

Povl.Rasmussen@maersk.com
+45 31 52 86 20

SOURCE: Hapag-Lloyd AG