The G6 Alliance has received the go-ahead from the US Federal Maritime Commission (FMC) to expand its current geographic scope to allow its members: APL, Hapag Lloyd, Hyundai Merchant Marine, MOL, NYK, and OOCL, operational cooperation in the trades between the Far East and the US West Coast, and between North Europe and all US [...]
Plans for three of the world’s largest container shipping firms to form an alliance to share vessels on routes between Europe, Asia and America have lead to concerns that shipping costs for recyclable waste could increase.
The P3 Alliance has been criticized by the Global Shippers Forum – the trade body for the international shipping [...]
The US Federal Maritime Commission (FMC) has cleared the proposal for the P3 alliance, formed by Denmark’s Maersk Line, the Switzerland-based Mediterranean Shipping Company MSC and France’s CMA CGM. The FMC ruling takes effect on Monday 24 March and will apply to trades between the USA and Asia, North Europe and the Mediterranean, FMC said [...]
Evergreen Line and the four members of the CKYH Alliance have agreed in principle to form a new alliance that will share ships on trades between Asia and North Europe and the Mediterranean.
The CKYHE alliance will comprise Cosco, “K” Line, Yang Ming, Hanjin and Evergeen. It plans to begin operations in mid-April with six [...]
Shippers are concerned that the P3 Alliance of Maersk Line, CMA CGM, and MSC could end up hurting competition and pushing their costs up, Chris Welsh, secretary general of the Global Shippers Forum (GSF), told industry news site ShippingWatch.
Citing a recent meeting with a shipper, Welsh said companies that work with the container carrier [...]
Journal of Commerce graphic, G6 vs. P3
Graphic from the Journal of Commerce
From the International Transport Workers’ Federation:
The ITF (International Transport Workers’ Federation) is making a call for careful consideration and consultation over a proposal to create the largest ever shipping alliance to operate on global trades.
It comes in the wake of a Federal Maritime Commission (FMC) summit this week which was called between [...]
From Maritime Executive:
Ocean carriers have returned to ordering vessels between 8,000-10,000 teu in large numbers, suggesting that either overcapacity is brewing ahead, or unusual service developments are in the pipeline. By the end of this year, 55 vessels averaging 8,600 teu will already have been delivered, increasing the sector’s capacity by a remarkable 18%, [...]
The plan by Maersk Line, CMA CGM and Mediterranean Shipping Co. to form the world’s largest vessel-sharing alliance, which would control about 25 percent of the container volume in the trans-Pacific, presents great opportunity for U.S. ports, but also significant competitive risks.
In an attempt to influence the world’s three largest carriers that will make [...]
The proposed network, consisting of Maersk Line, CMA CGM and Mediterranean Shipping Company (MSC), will create the largest ever alliance to operate on global trades. It will offer a total of 29 loops, served by 255 vessels initially, and a capacity of 2.6 million TEU.
The International Longshoremen’s Association (ILA) has urged the Federal Maritime [...]
This Journal of Commerce graphic shows the massive scope of the proposed P3 Alliance.
Last week, shipowners in China have voiced anticompetition concerns in the wake of the proposed alliance, to be known as P3. China Shipowners’ Association (CSA) has voiced concerns to the government over the P3 alliance, saying that its massive scale [...]
FMC Chairman Mario Cordero and Commissioner William P. Doyle met recently with Acting Maritime Administrator Paul “Chip” Jaenechin. Topics of discussion included: U.S. – China Transportation Forum, Proposed P3 Alliance, SISI Briefing, U.S.-flag International Fleet.
U.S. – China Transportation Forum The Federal Maritime Commission and the Maritime Administration will participate in the U.S. [...]