A look at the market shares of the JOC’s Top 5 ocean carriers in the first three quarters of 2016 compared with last year reveals the rapid consolidation of capacity into fewer, larger liner hands.
Unless something changes dramatically, container lines risk a repeat of the brutal 2015 to 2016 contracting season; deepening industry losses are set to approach $10 billion this year alone.
Eastbound trans-Pacific spot rates are sliding on the wind down of the peak season.
Container shipping lines are “playing poker” with ports as their push for lower handling charges puts future terminal investments at risk, Drewry Shipping Consultants said.
Spot rates on the Asia-Europe trade have taken a sharp turn upwards, rising by 20 percent over the previous week.
Union names successor to retired Judge Milton Mollen.
Risks surrounding rapid changes in carrier and terminal industries are a source of confusion for ports and shippers.
As shippers scrutinize carriers’ financial stability ahead of the 2016 to 2017 bidding season, the safeguards could provide those that deal with the THE Alliance some reassurances — and give alliance members a contracting edge.
Maersk Line ended weeks of speculation with an announcement that it had reached an agreement to buy Hamburg Süd.
There was moderately better news for APL and Zim in the third quarter; while APL enjoyed the scale benefits that came with its new parent, CMA CGM, Zim managed to narrow its net losses by almost 50 percent.