Israeli container shipping company ZIM has reached a deal with 2M alliance members Maersk Line and Mediterranean Shipping Company on a new strategic cooperation on the Asia – US East Coast trade. Starting in early September 2018, the companies will operate five loops between Asia and the U.S. East Coast. ZIM will operate one loop and 2M will operate four loops, and the … [Read more...]
ONE Unveils Strategy for Billion-Dollar Cost Savings and Million-Dollar Profits
By Mike Wackett (The Loadstar) - Japanese shipping groups K Line, MOL and NYK, now operating as the Ocean Network Express (ONE) joint-venture, have unveiled their business plan, identifying more than $1bn a year in expected synergy cost savings. The three carriers have signed off their final annual accounts covering the period before the transfer of their container … [Read more...]
Japan’s ONE Alliance ‘Plays it Safe’ with Inaugural Service Network
By Mike Wackett (The Loadstar) - Alphaliner’s analysis of Ocean Network Express’s Day ONE service network from April 1 – outside THE Alliance – reveals only “minor changes” to the current offerings of Japanese carriers K Line, MOL and NYK. “The Africa and Oceania routes will see no changes, with all current 3J service coverage retained,” said the consultant. It added … [Read more...]
Japanese Carriers Looking Forward to ‘ONE’ Network Launch
By Mike Wackett (The Loadstar) - K Line, MOL and NYK are banking their future group profitability on the success of the Ocean Network Express (ONE) – the merger of the Japanese transport groups’ respective container businesses scheduled for April. According to reports, the trio say they expect to save ¥50bn ($440m) in costs in the first fiscal year ending 31 March 2019m … [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...]