The failure of Hanjin Shipping has raised profound questions regarding the risks of ocean container transportation in corporate boardrooms throughout the world.
The “Ocean Three” Alliance among CMA CGM, China Shipping and United Arab Shipping Co.
16 Sep 2016
CMA CGM is outsourcing some of its global feeder operations in a move rival carriers likely will follow.
26 Aug 2016
Hapag-Lloyd shareholders Friday paved the way to a merger with United Arab Shipping Company and creation of the world’s fifth-largest container shipping line.
24 Aug 2016
Hapag-Lloyd revealed that the United Arab Shipping Company booked a loss in 2015 and is still losing money ahead of a shareholders’ meeting to clear the way for a merger.
19 Jul 2016
China Cosco Shipping says all its shipper contracts are safe until the new Ocean Alliance kicks off next year.
18 Jul 2016
Hapag-Lloyd and United Arab Shipping Company Monday signed a merger agreement.
15 Jul 2016
HMM joining the 2M Alliance has pushed carrier management to the top of the forwarder agenda.
09 Jun 2016
In what is possibly the most counter-intuitive development so far in this year’s unconventional trans-Pacific peak-shipping season, carriers have announced the suspension of two Asia-U.S. services.
25 Apr 2016
Betting on the troubled container shipping industry probably makes more sense than investing in it, and a bookmaker would be salivating at the permutations available to the eight shipping lines “orphaned” by the Ocean Alliance that was formed last week.
21 Apr 2016
Forwarders and shippers have expressed concern that the vessel grouping reshuffle that began with the formation of Ocean Alliance will leave customers with fewer choices and widespread service changes, but did not expect service contracts to be affected.
19 Apr 2016
CMA CGM, China Cosco Shipping, Evergreen Line and OOCL on Wednesday morning are expected to announce in Shanghai that they will form a shipping alliance, a move aimed at blunting the power of the major vessel-sharing agreement between the two largest global container lines, Maersk Line and Mediterranean Shipping Co.
07 Mar 2016
CMA CGM’s revenue and profit slipped last year despite a 6.3 percent volume increase, but the French carrier said it’s counting on cost cuts and the pending acquisition of Singapore’s NOL to overcome a “tough” start to 2016.
07 Mar 2016
The impending shakeup of the membership in three of the four alliances among global container shipping lines will be difficult for beneficial cargo owners over the next year or more, but they may benefit from the changes in the long run, a top Maersk executive said here at the JOC’s 16th annual TPM Conference.
04 Mar 2016
CMA CGM this week released two trade announcements upgrading its coverage on trades to and from India.
02 Mar 2016
China Cosco Shipping and CMA CGM are hoping to form a new alliance with OOCL, Evergreen Line, and Islamic Republic of Iran Shipping Lines, according to sources in the Chinese shipping industry. CMA CGM strongly denied it was seeking an alliance with the carriers.