Maersk from Denmark and Germany’s Hapag-Lloyd have announced the “Gemini Cooperation,” a long-term operational collaboration starting in February 2025. This partnership aims to create a flexible, interconnected ocean network with high reliability. It will include a combined fleet of about 290 vessels, totaling 3.4 million TEUs in capacity, with Maersk contributing 60% and Hapag-Lloyd 40%. The CEOs of both companies emphasized the benefits of improved service quality, operational efficiency, and accelerated decarbonization efforts in the shipping industry. Consequently, Hapag-Lloyd will exit THE Alliance by the end of January 2025, coinciding with the termination of the 2M alliance between Maersk and MSC. In 2024, both companies will prepare for the transition from their current alliances to this new cooperation, ensuring continued service to customers during the changeover.