New Alliances

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

Two container ships at sea.
02 Nov 2018
The World Shipping Council, which represents the container shipping industry, said the paper by the OECD’s International Transport Forum that wants the European Commission’s block exemption for container shipping lines to end without renewal in April 2020 demonstrated “a fundamental misunderstanding” of how the consortia block exemption works.
07 Nov 2017
The terminal operating arm of the Maersk Group said challenging market conditions and industry overcapacity put pressure on profits.
02 Nov 2017
All of the 18 carriers studied by SeaIntel had a worse on-time record in the third quarter of 2017 than in the same period in 2016.
20 Oct 2017
The Cosco-OOCL takeover and the merger of Japan's three carriers into ONE show two very different approaches to M&A.
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.

Commentary

Containerization has gradually led to the commoditization of the ocean (port-to-port) liner service, leading to excruciating competition among carriers.

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