Maersk and Hapag-Lloyd announce details of their Gemini cooperation and offer flexible ocean network options

(SHORT) Maersk and Hapag-Lloyd have announced further details of their joint ocean network, Gemini Cooperation, which is scheduled to launch in February 2025. The collaboration will offer two flexible network options aimed at achieving schedule reliability of over 90%. They have also developed an alternative network at the Cape of Good Hope in response to disruptions in the Red Sea. The companies will finalise the network decision in October 2024 and offer either 300 or 340 vessels for 57 or 59 services. The aim is to improve reliability and sustainability for customers in the East-West trade.

(PRESS RELEASE) HAMBURG/COPENHAGEN, September 11, 2024 — /EuropaWire/ — Maersk A/S and Hapag-Lloyd AG have announced further details of their Gemini cooperation, a joint ocean network scheduled to launch in February 2025. The aim of this collaboration is to provide industry-leading schedule reliability, which is expected to exceed 90% once fully operational. The network will cover east-west trade routes and offer customers two different options: the Suez network and the Cape of Good Hope network.

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

Maersk CEO Vincent Clerc and Hapag-Lloyd CEO Rolf Habben Jansen stressed the importance of reliability and sustainability in the cooperation and highlighted its 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 mainline services and 30 shuttle services supporting the network.

This joint effort is expected to raise the bar for reliability in the shipping industry and provide significant benefits to customers seeking reliable 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 inventory of 3.2 million TEU – including one of the largest and most modern refrigerated container fleets. 114 liner services worldwide ensure fast and reliable connections between more than 600 ports on all continents. In the Terminal & Infrastructure segment, Hapag-Lloyd has interests in 20 terminals in Europe, Latin America, the USA, India and North Africa. Around 2,900 employees are assigned to the Terminal & Infrastructure segment and provide additional logistics services at selected locations that complement the terminal activities.

About Maersk
AP Moller – Maersk (Maersk) is an integrated logistics company that works 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 worldwide. Maersk has a fleet of around 700 owned and chartered vessels with a total capacity of more than 4 million TEU. APM Terminals, a subsidiary of Maersk, operates 60 ports and terminals in 33 countries under the APM Terminals brand or together with a joint venture partner. With new technologies, new vessels and low-emission fuels, Maersk aims to achieve net zero emissions across the company by 2040.

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, by their nature, are subject to significant risks, uncertainties and contingencies. Actual results may differ materially from those anticipated in the Company’s forward-looking statements.