In simple terms, a Shipping Alliance (also known as Ocean Alliance) is a group of ocean carriers joining forces to create a cooperative agreement forming a strategic alliance covering various trade routes through cooperation between its members on a global level.
Under the current economic conditions shipping lines have realized, that they can't provide a service coverage by working alone, as it will mean tying up their ships on a specific route for weeks and the other routes remain without a service.
Why create shipping alliances or vessel sharing agreements? To cut variable costs, and the best way of doing this is through the usage of common resources such as ships, port terminals and networks around particular routes.
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