Ocean Alliance has chosen a period of crisis and flux to emphasise the container lines’ commitment to stability and cooperation by announcing an extension to the grouping of five years, from 2027.
The idle container ship fleet has contracted again as the crises in the Red Sea and Panama Canal suck capacity into service diversions and distort the market, as newbuildings arrive to alleviate tonnage crunch.
The $4.9 billion takeover of Korean shipping line HMM by Harim Group has failed after the two sides failed to reach a deal.
The world’s third largest container line CMA CGM has stopped transiting the Red Sea and is rerouting via the Cape of Good Hope to avoid the threat of Houthi attacks.
Shipping under attack in the Red Sea, a new container shipping alliance, Chinese yards dominate newbuilding market, and much more in the latest episode of Maritime in Minutes.
THE Alliance is suspending its Asia – Red Sea 1 Service due to the threat to safety of its vessels and crew.
With the formation of the Gemini Cooperation between Maersk and Hapag-Lloyd correspondent Nick Savvides examines how alliances may change their approach to customer service.
HMM has named the first in a series of twelve 13,000 teu containership newbuildings.
Maersk announced it will extend a 48 hour pause to transits through the Red Sea and Gulf of Aden until further notice following the attack on one of its ships over the weekend.
The US is launching a multi-national security initiative – Operation Prosperity Guardian – to protect shipping in the Red Sea and the Gulf of Aden from attacks by Houthi militia.