Thursday, June 26, 2014

Billionaire Kuehne Applauds China ‘Wisdom’ in P3 Alliance Veto

China’s veto of a three-way alliance between the world’s biggest shipping lines is good for the logistics industry as it preserves competition among container carriers, according to Klaus-Michael Kuehne, the German billionaire who owns the world’s largest sea-freight forwarder.

June 26, 2014
Total Views: 3

Monday, June 23, 2014
MV Maersk Mc-Kinney Moller

Back to The Drawing Board for P3 Carriers As Fallout Impacts Sector

In the view of transport consultant Drewry, the Chinese regulators’ veto of the P3 Network last week is likely to hamper the much-needed stabilisation of the overcapacity-plagued and unprofitable ocean carrier industry.

June 23, 2014
Total Views: 0

Thursday, June 19, 2014
cma cgm marco polo

China Scuttling P3 Pact Seen to Hurt Shippers, Including Its Own

China rejected a global shipping alliance to protect companies navigating a choppy market. The decision will probably hurt cargo firms’ earnings, including its own.

June 19, 2014
Total Views: 0

Wednesday, June 18, 2014
Maritime News

Maersk Explores Plan B After P3 Alliance Block

A.P. Moeller-Maersk A/S said it is working on alternative plans to cut costs and address overcapacity in the freighter market after Chinese regulators unexpectedly blocked formation of a global shipping alliance.

June 18, 2014
Total Views: 0

News

China’s P3 Rejection Underscores Protectionist Worries

China's scuppering of a planned alliance of the world's top three container shipping lines signals its protectionist stance on key industries and is a reminder to foreign firms to not take Beijing's nod for granted on deals.

June 18, 2014
Total Views: 0

Tuesday, June 17, 2014
maersk line
Maritime News

China’s P3 Alliance Block Sends Maersk Shares Tumbling

China blocked the formation of a global alliance by the world’s three biggest shipping lines in a surprise move that ignored Western approval of the plan and sent A.P. Moeller-Maersk A/S shares tumbling the most in two years.

June 17, 2014
Total Views: 3

cma cgm marco polo
Maritime News

Plug Pulled On P3 Mega-Alliance

Following today’s decision by the Chinese Ministry of Commerce (MOFCOM) to not approve the P3 Network, a proposed vessel sharing alliance between the world’s top three container shipping firms –...

June 17, 2014
Total Views: 0

Tuesday, June 3, 2014

EU Regulators Clear Maersk, Nippon Yusen Shipping Alliances

European Union antitrust regulators have approved an alliance planned by world No. 1 container shipping company AP Moller-Maersk and another that includes Japan's largest shipper Nippon Yusen Kaisha aimed at tackling excess capacity.

June 3, 2014
Total Views: 2

Maritime News

Maersk, MSC, Others in Talks to End EU Antitrust Probe

By Foo Yun Chee (Reuters) – The world’s two biggest container shipping companies, AP Moller-Maersk and Mediterranean Shipping Company, are seeking to end an EU antitrust probe and escape possible...

June 3, 2014
Total Views: 1

Friday, March 21, 2014
Operação do Navio Maersk Lavras santos brasil
Interesting

Maersk Says Historic P3 Alliance Could Start Mid-2014

By Ole Mikkelsen and Keith Wallis SINGAPORE, March 21 (Reuters) – Denmark’s Maersk Line, the world’s No.1 container shipping firm, said it expects an alliance with its two closest rivals...

March 21, 2014
Total Views: 43

Friday, December 13, 2013
oocl containership golden gate bridge sunset
Maritime News

Plain Sailing for the G6 While the P3 Alliance’s Proposal Faces Headwinds

By Mike Wackett The G6 Alliance’s plan to expand its scope on transpacific and transatlantic trade lanes is scheduled to be approved on January 16, unless the US Federal Maritime...

December 13, 2013
Total Views: 2

Wednesday, December 11, 2013
Maritime News

Gulf Ports Must be Ready to Handle the Biggest Boxships as Cascading Swells

By Gavin van Marle in Dubai Ports in the Gulf region need to prepare for much larger vessel sizes as a result of the cascading effect taking place as ever-larger...

December 11, 2013
Total Views: 2

Wednesday, December 4, 2013
hapag-lloyd
News

G6 Box Carriers Expand Operations to Head Off P3 Threat to East-West Trades

The members of the G6– a merger of the New World and Grand Alliances – have announced plans to go head-to-head with the P3 network by expanding their operation to service all the east-west container tradelanes. .

December 4, 2013
Total Views: 2

Wednesday, October 23, 2013
westports container terminal malaysia
Maritime News

Westports Shares Fall Toward IPO Price As Vessel-Sharing Alliance Looms

KUALA LUMPUR, Oct 23 (Reuters) – Shares in Westports Holdings Bhd, Malaysia’s busiest port operator, fell towards to their IPO price of 2.50 ringgit after a strong debut last week,...

October 23, 2013
Total Views: 0

Monday, October 21, 2013
container ship containership aerial view shipping
Maritime News

P3 Mega-carriers Play Down the Impact of the Alliance on Key Shipping Trades

By Gavin van Marle, Apparently wary of igniting the wrath of skeptical shippers or prodding the regulatory bodies, the prospective partners in the P3 alliance seem determined to downplay the...

October 21, 2013
Total Views: 1