Like a mirror image of the ocean container shipping industry, the shipping lines that operate the multipurpose ships that carry breakbulk and project cargoes are suffering from overcapacity, lack of global demand and low freight rates. And like the container fleet, multipurpose ships are getting ever bigger.
International Freight Shipping
News relating to the import and export business, including customs, current economics and more.
News & Analysis
13 Jan 2016
A class-action complaint filed with the U.S. Federal Maritime Commission seeks damages for alleged shipping act violations by 10 roll-on, roll-off carriers already entangled in criminal and civil price-fixing investigations.
12 Jan 2016
With two and possibly three mergers or acquisitions among container lines scheduled to occur this year, beneficial cargo owners are wondering how their supply chains will be impacted.
23 Dec 2015
Maersk Line has promoted a long-time executive to chief commercial officer, promoted another to head its intra-Europe brand and tapped a global head of sales as part of restructuring at its Copenhagen headquarters in which 110 positions will be cut.
16 Dec 2015
To mitigate service disruptions caused by potential consolidation, APL, CMA CGM, China Shipping Container Lines and Cosco could elect to participate in more than one major alliance during a transition phase, Federal Maritime Commissioner William Doyle said last week.
14 Dec 2015
CMA CGM’s $2.4 billion acquisition of Neptune Orient Lines and the forthcoming merger between state-owned Cosco and China Shipping are unlikely to spur a fresh round of consolidation in container shipping, according to Drewry.
09 Dec 2015
The price Temasek will get for NOL from CMA CGM if the deal goes ahead is below the book value of the company, according to Alphaliner.
08 Dec 2015
CMA CGM’s plans to bring APL into the O3 Alliance once the NOL acquisition is done has put the spotlight on the G6 Alliance and what the loss of its Singapore-based member would mean.
07 Dec 2015
CMA CGM plans to bring NOL’s liner division APL into the O3 Alliance that the carrier operates in with China Shipping and United Arab Shipping Co., the France-based line’s vice chairman Rodolphe Saadé said.
07 Dec 2015
CMA CGM has made a $2.4 billion cash offer for Singapore’s Neptune Orient Lines in a transaction that will proceed once anti-trust approval has been received from authorities in the EU, the U.S. and in China, which is expected in mid-2016.