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 […]
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. […]
Hapag-Lloyd AG, Germany’s top container shipping line, and five Asian carriers will form a new vessel-sharing alliance to take on bigger rivals amid a glut in capacity that’s depressed freight rates.
The partners will include Japan’s Kawasaki Kisen Kaisha Ltd., Mitsui OSK Lines Ltd., Nippon Yusen KK, South Korea’s Hanjin Shipping Co. and Taiwan’s Yang […]
Taiwanese carrier Yang Ming Marine on 9 September ordered five 14,000 teu box ships at Imabari Shipbuilding.
The vessels, priced at USD125 million each, are scheduled for delivery in 2018 and 2019, and will be chartered to Shoei Kisen Kaisha.
Yang Ming’s 14,000 teu box ship fleet will grow to 20 vessels when the newbuildings […]
Taiwanese container shipping company Yang Ming Lines announced on Monday it has agreed to start using the installations of Piraeus Container Terminal (PCT), the local subsidiary of China’s Cosco, as a transfer terminal for the wider region of the Mediterranean and the Black Sea, its representative in Greece said.
Arkas Hellas, which represents the Taiwanese […]
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 […]
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 […]
U.S. Federal Maritime Commissioners yesterday unanimously voted to allow CKYH partners and Evergreen Line to discuss cooperating in the trans-Pacific and trans-Atlantic trades.
The discussion agreement allows the carriers to look at launching vessel-sharing agreements on the two major trade lanes while gauging the market and how other carrier alliances take shape. Cosco, “K” Line, […]
From the Financial Times:
By holing AP Møller-Maersk’s plans for a grand European shipping alliance below the waterline, the Chinese government has sent a powerful message that it will not hesitate to block deals deemed detrimental to corporate and consumer interests in the world’s second-largest economy.
“If anyone was going to stop it, it […]
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 […]
Drewry said cash-strapped Hanjin Shipping has recently announced to its customers that it will be leaving two unprofitable trade lanes. The South Korean carrier will cease taking slots on the Asia‐Black Sea Express (ABX) service of China Shipping, Yang Ming and Wan Hai, and from April / May will pull out of the […]
DP World Australia has secured the stevedoring services contract for a new weekly service calling into its three eastern seaboard container terminals, totalling approximately 250,000 containers per year.
DP World Australia managing director Ganesh Raj said: “We welcome the new CAT Consortium of Yang Ming Line, Evergreen Line, Sinotrans and Pacific International Lines (PIL) to […]
The port of Los Angeles will spend almost 40 percent of its $1.1 billion budget for the upcoming year on infrastructure projects, harbor officials announced Thursday.
The almost $400 million in capital improvement expenditures include:
$99 million for improvements to support automation at the terminals and the construction of a facility to support rail transportation […]
Hanjin Shipping Company Ltd. will not be building a $300 million container shipping terminal at the Port of Jacksonville, Jacksonville Port Authority Interim CEO Roy Schleicher said Thursday morning.
Weakness in the economy caused the project’s demise, not the 47-foot dredging depth planned for the St. Johns River shipping channel, which Jaxport voted to pursue […]
Terminal Link, a wholly owned subsidiary of Marseilles-based CMA CGM, operates 15 container terminals in France, West Africa, the U.S. and Canada as well as Malta Freeport, a major Mediterranean transhipment hub. Graphic from Loadstar.
French ocean carrier CMA CGM has agreed to sell a 49 percent stake in its Terminal Link ports unit […]