Rumors surrounding a Cosco-OOCL tie-up refuse to go away.
The Ocean Alliance brings together the recently formed China Cosco Shipping, with Evergreen Line, CMA CGM, and OOCL in a vessel- and slot-sharing agreement. The formation of this alliance means that the members of the other major alliances, the G6, CKYHE, and Ocean Three, will need to form new VSAs with different carriers, creating another level of uncertainty in the shipping industry.
20 Jun 2017
Total US business logistics costs dropped in 2016 for the first time in seven years, the 2017 State of Logistics Report says. Are they poised to bounce back?
13 Jun 2017
French carrier CMA CGM declared Tuesday that it will buy Brazilian flag carrier Mercosul Line from Maersk Line.
09 Jun 2017
US lawmakers have introduced legislation that would expand the powers and the purse strings of the FMC to “oversee and intervene” on behalf of port service providers.
02 Jun 2017
China's largest carrier, Cosco Shipping, continues to give only the vaguest of reasons for its suspension of share trading on the Shanghai exchange.
26 May 2017
The opening of the elevated Bayonne Bridge in June is likely to bring change.
25 May 2017
Inland barges are facing long delays at the Rotterdam World Gateway Terminal.
23 May 2017
Shippers using CMA CGM on the North Europe-Middle East-India trade will face a container booking cancellation fee from June 1.
22 May 2017
Such a move already has support on Capitol Hill, where lawmakers have been weighing options to strengthen Federal Maritime Commission safeguards against collusion among carriers in the world’s three major VSAs.
19 May 2017
CMA CGM returned to the black in the first quarter.
18 May 2017
Roughly $4.6 billion is needed at East and Gulf coast ports to remedy pinch points in harbor infrastructure.
15 May 2017
Taiwan’s top three carriers — Evergreen Marine Corp., Wan Hai Lines, and Yang Ming — have posted their first-quarter financial results.
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