The OCEAN Alliance and ONE are going to cut their transatlantic capacity as rates continue heading south. OCEAN, comprising CMA CGM, COSCO Shipping Lines, and Evergreen Marine Corporation, as well as ONE, have updated their Vessel Sharing Agreement (VSA) on the North Europe – US East Coast trade with the Federal Maritime Commission. The post OCEAN carriers and ONE to reduce exposure to tanking transatlantic trade appeared first on Container News .