G6 Alliance

The G6 Alliance members are APL, Hapag-Lloyd, Hyundai Merchant Marine, MOL, NYK Line and Orient Overseas Container Line. Like the 2M Alliance and CKYHE Alliance, the G6 Alliance is a vessel-sharing agreement that allows container lines to achieve economies of scale and better cope with periods of slack demand. The G6 Alliance will cease operation in 2017 as its members enter new agreements. 

The financial benefits of a merger between Hapag-Lloyd and United Arab Shipping Company could begin to materialize for both liners as soon as next year.
26 Aug 2016
Hapag-Lloyd shareholders Friday paved the way to a merger with United Arab Shipping Company and creation of the world’s fifth-largest container shipping line.
This is the first time United Arab Shipping Company's financials have been made public, revealing that the company's poor operating margins were exceeded only by Hanjin Shipping and Hyundai Merchant Marine.
24 Aug 2016
Hapag-Lloyd revealed that the United Arab Shipping Company booked a loss in 2015 and is still losing money ahead of a shareholders’ meeting to clear the way for a merger.
23 Aug 2016
No surprises as a weak October encourages G6 to withdraw sailings on major east-west trades.
Incheon Port, pictured, in the first half recorded its largest ever throughput for a half-year period with 1.24 million TEUs.
22 Aug 2016
The new CC1-CC2 was made from the merging of two Asia-North America West Coast Central China products into a new Central China Combo service.
Lower volumes on trans-Pacific and Asia-Europe routes were contributors to the operational loss of Hyundai Merchant Marine in the second quarter.
16 Aug 2016
South Korea’s second-largest shipping line posted an overall net profit in the second quarter.
Hapag-Lloyd, which is merging with United Arab Shipping Company, continued to realize gains from its 2015 tie-up with CSAV, but they weren't enough to overcome the punishing market.
10 Aug 2016
Hapag-Lloyd sank to a net loss in the second quarter as average ocean freight rates plummeted.
OOCL, its G6 Alliance partners and other ocean carriers can't seem to find the magic formula needed to bring trans-Pacifc capacity in line with demand.
22 Jul 2016
Container lines in the eastbound trans-Pacific this week were unable to hold on to their rate increases of last week.
18 Jul 2016
Hapag-Lloyd and United Arab Shipping Company Monday signed a merger agreement.
Spot rates are unlikely to recover in the near future as the peaks of the peak season have in recent years become less pronounced.
15 Jul 2016
Falling spot market and rising capacity don't bode well for Asia-Mediterranean freight rates.
HMM will be part of 2M from April 2017, and although container lines hope to have a smooth roll-out of the two new alliances, forwarders are not so sure and are planning accordingly.
15 Jul 2016
HMM joining the 2M Alliance has pushed carrier management to the top of the forwarder agenda.
The MOL Benefactor passes through the enlargened Panama Canal on its way to the Port of New York and New Jersey.
07 Jul 2016
This week’s arrival of the largest ship ever to dock at the Port of New York and New Jersey is bringing into focus the challenges the port faces in adapting to an era of fewer, but larger ships.
23 Jun 2016
The 2M Alliance might be getting a third member.