The G6 Alliance is starting a new service from Asia to Sweden, a sign that there are some bright spots on the ailing Asia-Europe trade lane.
25 Aug 2015
The G6 Alliance has withdrawn two more sailings on the Asia-Europe trade as the alliance has blanked 16 sailings in the past three months to staunch the bleeding in the trade’s freight rates.
18 Aug 2015
The G6 Alliance Tuesday announced it is axing four more Asia-Europe sailings just days after Maersk and Mediterranean Shipping Co. said they will drop one of their joint services on the troubled route that is facing declining demand and slumping freight rates.
05 Aug 2015
The idle containership fleet is continuing to grow amid a muted peak-shipping season and an increasing number of cancelled sailings on the Asia-Europe route, according to industry analyst Alphaliner.
07 Jul 2015
APL announced Monday that its PA2 service from North Asia will skip calls to the Port of Oakland through the end of July because of the port’s congestion problems.
07 Jul 2015
The G6 Alliance will cancel another four Asia-Europe sailings in July and August in the latest indication that carriers do not expect much of a peak season this year.
30 Jun 2015
The G6 Alliance continues to add port calls to its Asia-North Europe services, this time in China, in a bid to secure additional cargo loads on the trade during the much hoped for peak season.
22 Jun 2015
The G6 Alliance is seeking to pick up additional cargo in a weak market by extending one of its Asia-Europe routes to include the Baltic Sea port of Gdansk, Poland, and has revised a separate loop to include a stop at Port Said, Egypt.
15 Jun 2015
Container lines in the G6 Alliance have revised two of their trans-Pacific routes by adding eastbound calls at Pusan, South Korea, and Kaohsiung, Taiwan, a move that could help them challenge CKYHE as the dominant alliance on the trade.
02 Jun 2015
In the latest sign of the challenge facing Asia-Europe carriers to make money in the busiest global shipping lane, the G6 Alliance said it would cancel two sailings, citing low demand. Yet canceling individual sailings will likely do little to quell analysts’ view that significantly more capacity, such as entire services, would need to be suspended in order to meaningfully impact supply and demand in the Asia-Europe market.
26 Mar 2015
Speculation has been rife in the Singapore media about a possible tie-up between Neptune Orient Lines (NOL) and fellow G6 Alliance member Hong Kong’s Orient Overseas International Ltd. (OOIL), but a closer look at the business of the two carriers reveals that merging their operations would create little synergy.
23 Mar 2015
A U.S. Federal Maritime Commission member wants the FMC to ask the four major container ship alliances to supply new information on what they’re doing to reduce congestion at U.S. ports.