The ink was hardly dry on Hapag-Lloyd’s merger deal with Chilean carrier CSAV when departing chief executive Michael Behrendt raised the prospect of acquiring an Asian container line.
05 Dec 2013
The majority of public comments sent to the Federal Maritime Commission regarding the proposed P3 Network were supportive of the vessel-sharing alliance among the world’s three largest global container lines.
03 Dec 2013
The G6 Alliance unveiled plans to expand into the trans-Atlantic and Asia-U.S. West Coast trade lanes in a widely expected response to the proposed P3 Network partnership between the world’s three largest carriers, Maersk Line, Mediterranean Shipping Co. and CMA CGM.
25 Nov 2013
The largest ocean carriers sharply increased their market share at the expense of their smaller rivals in the third quarter, according to Drewry Maritime Research.
21 Nov 2013
Container shipping lines operating from Asia to the U.S. intend to restore baseline freight rates for late holiday season shipments in December and the pre-Lunar New Year period in January.
11 Nov 2013
A significant change in the relationship between shipping lines and marine terminal operators is under way, with carriers placing less emphasis on owning and operating their own facilities and more emphasis on reducing costs and preserving capital.
30 Oct 2013
NOL Group’s extensive cost-cutting paid off in the third quarter as the Singapore-based shipping line posted a net profit of $20 million even as its revenue declined.
22 Oct 2013
The market for premium service in container shipping is fading, and that means carrier cost-cutting initiatives such as slow steaming with large, efficient vessels will trump rapid transit times...
16 Oct 2013
Container shipping lines in the Transpacific Stabilization Agreement Westbound section are attempting to set...
09 Oct 2013
Members of the G6 Alliance have withdrawn eight Asia-to-Europe sailings, effective from late October 2013 to February 2014, in response to expected low demand during the winter season.
05 Oct 2013
Christening ceremonies were held Friday in Los Angeles for the APL Savannah, a container ship capable of carrying 9,200 20-foot container units that exemplifies the direction the carrier is taking with its massive vessel order book.
17 Sep 2013
Mediterranean Shipping Co. will challenge Maersk Line as the world’s biggest ocean carrier over the coming four years, as it boasts the biggest order book for new vessels...