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Ocean Three

21 Sep 2016
The failure of Hanjin Shipping has raised profound questions regarding the risks of ocean container transportation in corporate boardrooms throughout the world.
Feeder vessels take cargo delivered to transshipment hubs and gateway ports by mega-ships, such as the CMA CGM Benjamin Franklin, pictured, to smaller ports unable to handle such behemoths.
16 Sep 2016
CMA CGM is outsourcing some of its global feeder operations in a move rival carriers likely will follow.
The financial benefits of a merger between Hapag-Lloyd and United Arab Shipping Company could begin to materialize for both liners as soon as next year.
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.
This is the first time United Arab Shipping Company's financials have been made public, revealing that the company's poor operating margins were exceeded only by Hanjin Shipping and Hyundai Merchant Marine.
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.
News that the recently merged China Cosco Shipping would honor existing contracts until the Ocean Alliance takes effect follow industry rumors of mass shipper desertions from the company's constituent carriers, Cosco Container Lines and China Shipping Container Lines
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.
HMM will be part of 2M from April 2017, and although container lines hope to have a smooth roll-out of the two new alliances, forwarders are not so sure and are planning accordingly.
15 Jul 2016
HMM joining the 2M Alliance has pushed carrier management to the top of the forwarder agenda.