Ocean Alliance to Blank Ten Transpacific Sailings as Spot Rates Plummet

By Alexander Whiteman (The Loadstar) - The Ocean Alliance has announced plans to cancel 10 transpacific sailings in March and April, as the early signs of weak volumes on the trade become reality. The decision by APL, CMA CGM, Cosco, Evergreen and OOCL will result in some 74,000 teu culled from US west coast services and more than 35,000 teu from those destined for the east … [Read more...]

Ocean Alliance Faces Major Network Shake-Up as ULCV Arrivals ‘Rock the Boat’

By Gavin van Marle (The Loadstar) - The Ocean Alliance is facing a profound network shake-up as its members prepare to welcome a large tranche of ultra-large containership (ULCV) capacity next year. Yesterday saw the unveiling of the 2018 service network for its members, Cosco, CMA CGM, Evergreen and OOCL. While its rivals – the 2M and THE alliances – have relatively … [Read more...]

Shippers Draw Up Contingency Plans as New Shipping Alliances Launch

By Gavin van Marle & Mike Wackett (The Loadstar) - As the new alliance structure prepares to get underway tomorrow, with the Ocean and THE alliances launching services, shippers and forwarders are preparing for the possibility of severe supply chain disruption. The drawing up of contingency plans was in part due to a growing sense of unease that shipping lines did not … [Read more...]

CMA CGM and COSCO Shipping Strengthen Port Partnership Ahead of ‘Ocean Alliance’ Launch

The port operating units of French shipping company CMA CGM and China's COSCO Shipping have signed a Memorandum of Understanding to strengthen their strategic partnership in ports around the world with preference given to locations where Ocean Alliance vessels will be calling. The MoU was signed by executives from COSCO SHIPPING Ports and CMA Terminals Holding … [Read more...]

THE Alliance Container Grouping Unveils Service Lineup

By Mike Wackett (The Loadstar). - THE Alliance – Hapag-Lloyd, K Line, MOL, NYK and Yang Ming – have announced their pro-forma east-west tradelane network for April next year. It follows publication by rival grouping the Ocean Alliance last week and news that the container divisions of the Japanese shipping groups would merge. THE Alliance said its product, which is … [Read more...]