Maersk and Hapag-Lloyd finalize new “Gemini Cooperation” operating deal.

Maersk and Hapag-Lloyd have announced a long-term cooperation agreement called “Gemini Cooperation” that is set to begin in February 2025. The goal of the partnership is to create a global network with superior reliability, competitive transit times, and a reduced carbon footprint. This collaboration will combine the fleets of both companies, resulting in a pool of around 290 ships with a total capacity of 3.4 million containers. The companies aim to achieve schedule reliability of over 90% once the network is fully operational.

As part of the cooperation, Hapag-Lloyd will leave THE Alliance at the end of January 2025, while Maersk and MSC Mediterranean Shipping Company previously announced the end of the 2M alliance in January 2025. The new network will cover seven trade routes and include 26 mainline services, along with a global network of dedicated shuttles revolving around owned and controlled transshipment centers. The aim of the Gemini collaboration is to provide high quality service with improved transit times in key port-to-port corridors.

Both Maersk and Hapag-Lloyd are committed to decarbonizing their fleets, with Maersk aiming for net zero by 2040 and Hapag-Lloyd by 2045. The companies plan to transition from their current alliances to the new operational collaboration in 2024 to ensure continued service for customers.

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