The stagnant traffic was also due to the delay in deepening the river Elbe.
New Alliances
April 1, 2017, was the start of two new global shipping alliances; THE Alliance of NYK Line, Hapag-Lloyd, "K" Line, Yang Ming Line, and MOL, and the Ocean Alliance of Orient Overseas Container Line, CMA CGM, Evergreen Line, APL, and China Cosco Shipping.
News & Analysis
14 Aug 2017
The three Hamburg terminals posted an 11.8 percent increase in traffic to 3.4 million TEU.
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.
20 Jul 2017
Europe’s leading ocean container hub handled 6.7 million TEU in the first six months of 2016.
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Video
The industry has needed consolidation for years, said Maersk Line North America President and CEO Michael White.
Cosco Shipping's Howard Finkel on its position, and response, as a CKYHE Alliance member during the Hanjin Shipping crisis. He also reports on culture of collaboration and integration process over the last year since the Cosco-China Shipping merger.
Volatility in the shipping line industry will continue, and the expectation is that more consolidation is ahead, said Dr. Noel Hacegaba, the Port of Long Beach's chief commercial officer.
Commentary
North American shippers largely indifferent to new alliances
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