The deal takes effect April 1 along with the reordering of global shipping alliances.
22 Jul 2016
Orient Overseas Container Line moved more containers in the second quarter of 2016 than the same period a year before.
26 May 2016
Forwarders see little sign of a rate rebound in spot and contract rates on the trans-Atlantic.
13 May 2016
Hyundai Merchant Marine is working to assure the shipping public that it will continue to remain operational after the revelation that the South Korean carrier had been left out of the world’s newest shipping alliance, THE Alliance.
13 May 2016
The line up of the new alliance aimed at competing with the 2M and Ocean Alliance has been announced.
03 May 2016
Trans-Atlantic spot rates are forecast to rise.
13 Mar 2016
The trans-Atlantic built on its reputation as one of the few reliable trades in a troubled container shipping market in 2015, but it faces tough challenges this year that might tarnish its image.
01 Feb 2016
In an increasingly uncertain container shipping market, price volatility is one of the few entirely predictable things left, was Drewry’s wry assessment of the wildly fluctuating freight rates on East-West trades.
29 Jan 2016
The usually buoyant Europe-U.S. ocean and air cargo markets have suffered a significant decline in European freight forwarders’ confidence, while the long troubled Asia-Europe trades have posted an equally strong improvement.
27 Jan 2016
The volume of cargo handled by the container trade around the globe this year will increase by a relatively “decent” 4 to 5 percent, but this growth will not be nearly enough to make a dent in the enormous glut of vessel capacity that will continue to erode freight rates.
13 Jan 2016
Maersk Line is still the world’s largest ocean carrier by capacity but its closest rivals, Mediterranean Shipping Co. and CMA CGM, posted higher fleet growth rates during 2015, according to Alphaliner.
06 Jan 2016
The trans-Atlantic container trade is heading for further volatility this year after shedding its “boring” tag in 2015. But it also looks like one of the rare routes where carriers can turn a profit in a year many fear will be the toughest the industry has faced since the 2008-2009 global financial crisis.