As consumer demand in the US plummets due to the coronavirus disease 2019 (COVID-19), trans-Pacific carriers are suspending entire strings in addition to blanking additional sailings from Asia in the second quarter.
Thursday October 22, 2020
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THE Alliance
THE Alliance
The Alliance carriers -- Hapag-Lloyd, Yang Ming, and Ocean Express Network (ONE) -- have been relocating their trans-Atlantic operations from Bremerhaven to Hamburg. The four weekly services involved -- AL1, AL2, AL3, and AL4 -- now connect northern Europe with the US East Coast and the US Gulf.
The AL4 service effectively replaced the AX2 service that was part of the former G6 Alliance, which included Hapag-Lloyd. The new service added Mobile to the previous service’s rotation, which included the Gulf ports of Altamira and Veracruz in Mexico, and Houston and Mobile in the US. Mobile officials had been seeking a North Europe service to join an existing one operated by 2M Alliance partners Maersk Line and Mediterranean Shipping Co., and to balance the port’s expanding Asian business.
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Oct 29, 2020 1:00PM EDT
Nov 5, 2020 2:00PM EST
13 Feb 2020
South Korea-based container carrier HMM managed to cut its operating losses and increase revenue in 2019, but the start of the new year has come with mounting challenges.
09 Jan 2020
The first of the global container carrier alliances has announced its 2020 schedule, with the other two groupings due to reveal their networks soon.
08 Jan 2020
Members of THE Alliance are making plans to reshuffle their Asia-North Europe and Asia-Mediterranean networks in preparation for HMM, which will join the vessel grouping in April.
03 Jan 2020
Recent quotes by carriers on their surcharges for more expensive low-sulfur fuel oil are confusing shippers and causing suspicion carriers are attempting to make unreasonable profits from the global LSFO mandate that took effect Wednesday.
15 Oct 2019
The number of blanked sailings is growing on the Asia-Europe trades as carriers sit becalmed in the slack season with no clear idea of whether to expect a pre-Chinese New Year rush.
19 Aug 2019
Carrier market share in the trans-Pacific is not expected to change much in the next few months, in part because carriers will manage capacity by blanking individual sailings and deploying extra-loader vessels to handle import surges.
24 Jul 2019
The 2M Alliance is holding off on blanking sailings while rival alliances slash capacity through July and August in a bid to shore up slumping rates.
03 Jul 2019
Amid rising Asian imports into the Gulf Coast, two new services linking the regions that Zim Integrated Shipping Services will launch in August are expected to increase the cargo moved by the carrier with the 2M Alliance, strengthening the relationship as 2M prepares to lose market share due to the departure of HMM.
03 Jul 2019
Another round of blank sailings has been announced, this time by the Ocean Alliance, as carriers sail into a decidedly uncertain peak season shipping period.
01 May 2019
Container carrier schedule reliability in the eastbound trans-Pacific has bounced back from record lows in early 2019 but still lags global on-time performance by quite a bit.
12 Apr 2018
The April 1 launch of new carrier Ocean Network Express is experiencing booking delays in some jurisdictions as cargo from three carriers migrates to the new network.
27 Dec 2017
This is the second time in nine months congestion has affected operations at Shanghai ports.
08 Dec 2017
The capital injection from 257.7 million new common stock shares, at 10.18 New Taiwan dollar per share (about $0.34) is the third stage in the company’s recapitalization effort.
30 Nov 2017
Six months after the merger process started, UASC was integrated with German carrier Hapag-Lloyd.
28 Nov 2017
Independent container lines increased their combined market share as well as their total volume of imports in the third quarter.
27 Nov 2017
The cash infusion surpassed the company’s initial goal of raising $165 million.
15 Nov 2017
Yang Ming and HMM have said it is too early to confirm whether mega-ships will be included on their order books.
09 Nov 2017
Yang Ming reports a third-quarter profit on higher volume and freight rates, after 10 loss-making quarters.
31 Oct 2017
The improved performance came amid preparations by the three companies to merge and operate as a single company.
17 Oct 2017
The landside ability of the supply chain to handle volume generated by mega-ships must improve before carriers can achieve the lower unit costs their deployment promises.
17 Oct 2017
Debt levels will be targeted by German carrier Hapag-Lloyd's capital increase that was successfully completed on Oct. 16.
16 Oct 2017
Ocean Network Express CEO and 2017 TPM Asia Panelist Jeremy Nixon provides JOC.com with an exclusive update on the progress of merging Japan's Big Three container lines.
14 Sep 2017
US maritime regulators on Thursday voted to allow ocean carrier members of THE Alliance to form an emergency fund.
12 Sep 2017
Shippers are seeing little improvement in service levels from the new container shipping alliances.
12 Sep 2017
The five largest carriers in the US import and export trades continue to tighten their grip on the container shipping market.
05 Sep 2017
The significant number of mega-ships set to enter Asia-North Europe by the end of 2018 has resulted in capacity upgrates on many services on the trade.
29 Aug 2017
Carriers have announced blanked sailings in the weeks that cover China's October holidays with demand expected to fall off.
29 Aug 2017
Transport volume grew by 14 percent to 4.22 million TEU.
11 Aug 2017
Debt-stricken carriers Yang Ming and HMM have used government support and the improving market conditions to raise revenue, cut costs, and pare down debts.
31 Jul 2017
The most reliable carrier in the quarter was Wan Hai.
31 Jul 2017
The positive earnings statements come less than a month after the three established Ocean Network Express.
26 Jul 2017
Carriers large and small battle for market share and profits in the Pacific.
10 Jul 2017
NYK's head of container shipping Jeremy Nixon will lead the new Japanese carrier ONE.
07 Jul 2017
Japan's three major carriers have officially formed the One Network Express in Tokyo.
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