The rise in international trade, the inauguration of the Ocean Alliance and THE Alliance, and the launch of mega-vessels increased calls at hub ports, and resulted in good performance at Cosco Shipping Ports (CSP).
The formation of new container shipping alliances and their new mix of vessel sharing agreements could have either positive or negative impact on the number of vessel transits through the Panama Canal, though signs are pointing more toward the positive, according to Jorge Quijano, ceo of Panama Canal Authority.
The mooted merger between Hapag Lloyd and United Arab Shipping Company (UASC) has apparently run into problems due to worries over the commitment of Qatar Investment Authority, UASC’s top shareholder.
Hapag-Lloyd has postponed the completion date of its takeover of Dubai-headquartered United Arab Shipping Company (UASC).
US Federal Maritime Commissioner William Doyle has called for alliance members to be jointly responsible to ensure cargo is delivered in the case of another bankruptcy like Hanjin Shipping.
The Port of Singapore is set to be the big winner on the Asia – Europe trade following container shipping alliance reshuffles from 1 April according to Alphaliner.
Cost competitiveness is the driving force behind the merger of Japan’s big three shipowners container line businesses, according to K Line president Eizo Murakami.