The Ocean Alliance is quickly moving ahead with its plan to start operations from 1 April 2017, announcing the signing of an agreement, called the Day One Product, among the partners on its network, including port rotation for each service loop.
Following the merger of container line businesses of Japan’s “big three” owners, the top seven container lines will control over 65% of global capacity according to analyst Alphaliner.
CMA CGM vice chairman Rodolphe Saade has warned that another Hanjin Shipping bankruptcy could happen if shippers persist in pushing for the lowest possible price.
Container carrier CMA CGM and electric utility firm ENGIE have signed a memorandum of understanding (MoU) to promote the use of LNG as marine fuel for containerships.
London Gateway Port will handle all of the UK’s direct services to Australia once a new, combined CMA CGM-Hapag Lloyd service begins calling at the DP World owned and operated terminal from January.
Japan’s K Line and Singapore’s APL have announced new Far East – Middle East services, both including slots secured on services operated by Hyundai Merchant Marine (HMM), analyst Alphaliner says.
APL has announced the launch of the Andino Service (ANS) – a new weekly regional service linking the key markets in Latin America.
It has been a dramatic year for container shipping with overcapacity, difficult markets and consolidation dominating the headlines.
CMA CGM is set to delist Neptune Orient Lines (NOL) from the Singapore Exchange on Tuesday.
As with the airline industry container shipping alliances and service agreements have proved a great way for lines to expand their geographic scope and offer a far greater frequency of calls. One question that not many beyond lawyers probably...