THE Alliance and members of the Ocean Alliance are merging two Meditterranean – US East Coast services.
Major container lines Ocean Network Express (ONE), Orient Overseas Container Line (OOCL) and APL all say that the costs of complying with the 2020 low sulphur cap will have to be passed onto customers.
Building ahead of demand, the recent port call of the 8,063 teu OOCL Seoul has shown that the foresight of International Container Services Inc (ICTSI)’s Victoria International Container Terminal (VICT) at the Port of Melbourne is paying off as bigger vessels are now starting to be cascaded into the Asia-Australia trades.
Synergy, cost efficiencies and fleet and network optimisation were the key themes that emerged from the first results presentation after Cosco Shipping Holding’s takeover of Orient Overseas Container Line and would mark the path forward even as tough conditions led to a $10.3m loss for the first half of 2018.
Orient Overseas Container Lines (OOCL) saw second quarter total volumes rise 4.6% to 1.69m teu from 1.62m teu in the same period in 2017 and the volume gains were also able to be translated into good gains with total revenues increasing by 4.0% to $1.46bn although average revenue per teu fell by 0.6%.
Global shipment management software solutions provider CargoSmart, working with Oracle, has launched an initiative to develop a blockchain solution for shipment documentation to improve complex supply chain processes that it claims can cut down document processing time by 65%.