On April 01 ‘THE Alliance’ of Hapag- Lloyd, ‘K’Line, MOL, NYK and Yang Ming, will launch 32 liner services to 75 major ports on trade lanes connecting Asia with the Indian Subcontinent, Middle East, Europe, North and Central America and the Caribbean.
And reminded of the sudden demise of Hanjin Shipping last August, they have […]
Excerpts from DC Velocity:
Intermodal chassis leasing firm Direct ChassisLink Inc. (DCLI) said today it acquired all 11,000 marine chassis owned by the North American arm of Japanese liner shipping company Nippon Yusen Kaisha Inc. (NYK) that were operated on the U.S. mainland.
The 11,000 units will be placed in pools managed by Consolidated […]
The Federal Maritime Commission (FMC) has concluded its review of the proposed “THE Alliance” agreement, allowing it to become effective on December 19, 2016.
“I am very cognizant of the concerns industry stakeholders had regarding provisions in this agreement, particularly those related to information sharing and joint procurement,” stated Federal Maritime Commission Chairman Mario Cordero. […]
The major Japanese carriers NYK, MOL and “K” Line agreed to merge their container divisions, forming a brand new shipping company. The combined company will operate a fleet of 110 vessels with 1.4 million TEU, making it the fifth largest container line in the world. The decision was taken among crisis in the industry with […]
From Vessel Finder:
”NYK has had its fair share of cartel strife of late,” reports Vessel Finder. ”In March this year an NYK employee in the US was jailed for 15 months following a car carrier price fixing probe. In March 2014 Japan’s Fair Trade Commission ordered NYK to pay Y13bn ($12.2m) on another […]
”Our goal in the FBI is to expose the back room deals and secret handshakes and to stop the culture in some businesses that allows these crimes to take place,” said special agent Steve Vogt after Toru Otoda, a ‘K’ Line executive, was sentenced to 18 months in US prison and fined USD20,000 in […]
The Federal Maritime Commission has received a Class Action Complaint filed by Cargo Agents, Inc., International Transport Management, Corp., and RCL Agencies, Inc. against some of the world’s top vehicle transport services providers.
The complaint filers are purchasers of vehicle carrier services and allege that the some of the largest providers of deep-sea vehicle transport, […]
Japan’s three largest container lines saw their group revenues miss forecasts and remain almost flat in the first half of the current fiscal year, while Mitsui O.S.K. Lines (MOL) slipped into the red.
MOL, NYK Line and “K” Line reported their financial results for the first half of 2015, which started in April, revising […]
Nippon Steel & Sumitomo Metal Corp (NSSMC), the largest steel producer in Japan, intends to replace its fleet of chartered-in capesize vessels with nine super-cape vessels of 230-250,000 dwt each.
According to the U.S. shipbroker Compass Maritime, the very large ore carriers (VLOCs) will be chartered on periods of 8 to 15 years from four […]
NYK, or Nippon Yusen Kabushiki Kaisha, agreed to plead guilty to a one-count felony criminal charge in the scheme, which spanned the period of 1997-2012, and pay the fine.
U.S. justice authorities fined Japanese shipper NYK Line $59.4 million Monday for conspiring with other companies to fix the prices of transporting cars to and from […]
Port fire in San Pedro at Berth 179, where wood and tar pilings burned. Photo by Brad Graverson of The Daily Breeze.
[NOTE: Several media have reported that there were no injuries.]
A massive fire that consumed part of a wharf at the Port of Los Angeles continued to smolder today, as officials […]
Carriers’ strategy to bundle logistics services with container shipping services appears to be “unraveling,” according to Alphaliner’s latest newsletter.
“These disposals point to the reduced relevance of logistics capabilities for carriers, as the bundling of 3PL services with ocean transportation has not yielded significant synergies,” Alphaliner said. “The affiliated 3PLs are also increasingly competing against […]
AP Moller Maersk, Mediterranean Shipping Company and CMA CGM Group have emerged as leaders in the global shipping business on the global ranking for shipping liners based on their market share as well as the twenty-foot equivalent units (TEUs) capacity of containers they handle.
According to alphaliner.com, APM-Maersk, which took the first position, handles about […]
The world’s two biggest container shipping companies, AP Moeller-Maersk and Mediterranean Shipping Company, are seeking to end a European Union antitrust probe without paying any fines, three people with knowledge of the case said on Tuesday.
The European Commission said in November last year that the companies and some of their rivals might have been […]