G6 Alliance

G6 Alliance

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.
Yang Ming container ship at Port of Los Angeles
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.
17 Mar 2015
Three carrier alliances are launching Asia-U.S. East Coast services that will increase capacity on the route by 6 percent, according to industry analyst Alphaliner.
09 Mar 2015
Orient Overseas Container Line (OOCL), the container transport division of Hong Kong-listed OOIL, reported a 161 percent increase in its 2014 net profit, driven by a sharp 10 percent drop in bunker costs and solid increases in revenue and volumes.
26 Jan 2015
China is the main battleground for the world’s four mega shipping alliances, that collectively depart from 10 mainland ports every week to North Europe in 74 weekly voyages, according to Drewry Maritime Research.
26 Jan 2015
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.
05 Dec 2014
This week’s top 10 stories on JOC.com makes one thing abundantly clear: All eyes are on the U.S. West Coast labor negotiation. The top three stories all centered around negotiations between the Pacific Maritime Association and the International Longshore and Warehouse Union. Several other stories stayed on the familiar topic of West Coast port congestion and the shakeups it has caused in supply chains. Several other business news items also crept into the list.
28 Nov 2014
There will be no speedy solution to the congestion that is creating bottlenecks at ports around the world as terminals battle to cope with growing trade and surges in container volume.
13 Nov 2014
The G6 Alliance carriers have added a call at the port of Charleston on one of its U.S. East Coast-North Europe services, increasing the frequency of weekly post-Panamax vessel calls to the South Carolina port.