Grand Alliance Contract Extended

The Grand Alliance, founded in 1998, is the leading integrated consortium in container liner shipping. Its members are Hapag-Lloyd, MISC Berhad, Malaysia, Nippon Yusen Kaisha (NYK), Japan, and Orient Overseas Container Line (OOCL), Hong Kong. The four member lines have today extended their cooperation for a further term of ten years. The member lines of the Grand Alliance are continuing their successful cooperation, and today Adolf Adrion, Executive Board member of Hapag-Lloyd AG, Niels Kim Balling, Vice-President of Liner Business, MISC Berhad, Minoru Sato, Representative Director and Executive Vice-President of NYK, and Philip Chow, Chief Executive Officer of OOCL, have signed an agreement extending their cooperation up to 2017.