With the body of the failed P3 Network still warm, the world's top two carriers have announced a new global agreement without CMA CGM.
China Shipping Container Lines
24 Jun 2014
The worst is over for the Asia-Europe container trade as slow-steaming and scrapping of old vessels begin to address excess capacity, according to a recent report from HSBC’s transport analysts.
18 Jun 2014
At the end of this month, four ocean carriers will launch a new joint service connecting China, Southeast Asia and the Indian subcontinent.
17 Jun 2014
The rejection of the P3 shows how dominant the world’s largest carriers were set to become if their proposed mega-alliance took effect.
23 May 2014
In the face of looming competition from new or expanded ocean shipping alliances among the biggest carriers, smaller lines are taking steps to ensure their own long-term survival.
08 Apr 2014
The 2013 financial reporting season for container lines ended for many carriers in a sea of red ink as high bunker prices and weak freight rates combined to drag down profits.
02 Apr 2014
Maersk Group signed an agreement with China Shipping paving the way for negotiations on further collaboration on new container terminal projects and the establishment of joint ventures with its port arm, APM Terminals.
28 Mar 2014
The two largest Chinese container lines have more reason to work together after they both continued to suffer from overcapacity and lackluster demand in the container shipping industry in 2013.
24 Mar 2014
CMA CGM, China Shipping Container Lines and United Arab Shipping Co. will launch a new jointly operated, fixed-day weekly service...
13 Mar 2014
The Port of Hong Kong got a much needed boost in its capacity to handle container mega-ships...
12 Mar 2014
Carriers’ schedule reliability from Shanghai to Oakland, Calif., showed the greatest variation in eastbound Asia-to-Southern California route performances...
04 Mar 2014
It is possible to think up all kinds of scary scenarios that could play out as container lines form new vessel-sharing alliances or expand existing alliances, but the primary goal of carriers is to deploy the largest ships at their disposal in order to reduce their per-unit costs.