The new carrier mega-alliances are set to shake up market share on the key Asia-North Europe liner trade while shippers will benefit from a greater choice of services, and probably lower freight rates, according to Drewry Shipping Consultants.
11 Jan 2015
The 2M alliance between Maersk Line and Mediterranean Shipping Co. began in Dalian at the weekend when the brand new Triple-E vessel, Munkebo Maersk, left the northern Chinese port for Busan in South Korea, its second stop on the Asia-Europe rotation.
07 Jan 2015
Beneficial cargo owners are watching how the alliances will impact their supply chains between Asia and Europe and North America.
09 Dec 2014
Both Maersk Line and Hamburg Sud received top marks as the most reliable container carriers in the third quarter, Drewry's Carrier Performance Insight shows, as industry-wide reliability began to recover in October.
04 Dec 2014
The CKYHE Alliance this week received U.S. regulatory approval to further integrate its newest member, Evergreen Line, into its vessel-sharing agreement covering the trans-Pacific and trans-Atlantic trade lanes.
24 Nov 2014
Evergreen Marine recorded an $80 million net profit in the three months ending Sept. 30. as the carrier added a second profitable quarter since joining the CKYH Alliance in March.
10 Nov 2014
Amid an environment of slowing demand and overcapacity, container lines have unrealized opportunities to improve profit margins by overhauling internal culture and expanding the scope of alliances, according to Boston Consulting Group.
21 Oct 2014
The CKYHE Alliance said today it would expand its coverage once again — this time opening up the scope of the alliance's trade loops to the United States.
04 Oct 2014
New calls from container carriers and volumes from the tail end of the 2014 peak season increased Boston’s September throughput by nearly 12 percent.
18 Sep 2014
The emergence of four large alliances among the world's largest container shipping lines is creating a two-tier market that could doom smaller carriers to hanging on to niche trades or going out of business.
15 Sep 2014
New global alliances of container ship lines could produce a retaliatory surge in large-ship orders by competitors in 2016-2018, according to a research report by Bank of America Merrill Lynch analysts.
10 Sep 2014
Container lines in coming years will continue to order larger ships and switch membership in vessel-sharing alliances in a desperate game of survival...