Asia-Mediterranean Trade Is Still “Over-Tonnaged” Says Drewry

By Mike Wackett (TheLoadstar) The Asia-Mediterranean trade is still “over-tonnaged”, with headhaul ship utilisation below other major east–west markets, according to Drewry. And it believes the new alliance schedules for next April “do nothing to address this issue”. Drewry Maritime Research data reveals that Asia–Mediterranean headhaul slot supply had grown 12%, year on … [Read more...]

Container Shipping: Will New Alliance Structures Help Stabilize The Market?

By Sam Whelan (TheLoadstar) After the supply chain havoc caused by Hanjin Shipping’s collapse, and with an alliance reshuffle on the horizon, should shippers be hoping for further carrier consolidation? Or will the new alliance structure create more stability? Next April, the four major container shipping alliances – the 2M, Ocean Three, CKYHE and G6 – will become … [Read more...]

‘Ocean Three’ Unveils Asia-Europe and Transpacific Services, Transatlantic is Next

By Gavin van Marle CMA CGM has confirmed that it has signed a series of agreements to for the fourth major deepsea container shipping alliance, Ocean Three, with China Shipping and Dubai-headquartered UASC. In a long presentation released late Monday, CMA CGM revealed that the new group would be bound together by a series of vessel sharing, slot exchange ad slot charter … [Read more...]

CMA CGM Unveils ‘Ocean Three’ Alliance With CSCL, UASC

By Gus Trompiz and Jonathan Saul PARIS/LONDON, Sept 9 (Reuters) - French container shipping group CMA CGM has sealed an alliance with two rivals after a failed attempt to partner with bigger peers Maersk and Switzerland's MSC, vetoed by China earlier this year due to competition concerns. CMA CGM said on Tuesday it had agreed a route-sharing alliance with China Shipping … [Read more...]