By Mike Wackett (The Loadstar) - The Ocean Alliance has overtaken the 2M alliance, adding the market share lead on the Asia-Europe tradelane to its already dominant position on the transpacific. The vessel-sharing alliance of CMA CGM, Cosco (including OOCL) and Evergreen did not follow rivals 2M and THE alliances in temporarily suspending an Asia-North Europe loop through to … [Read more...]
EU Extends Vessel Sharing Agreement Exemptions Until 2024
Photo: VanderWolf Images / Shutterstock By Foo Yun Chee BRUSSELS, March 24 (Reuters) - Cargo shipping companies will be exempt from antitrust rules against anti-competitive agreements for a further four years until 2024 because this leads to lower prices and better consumer services, EU antitrust regulators said on Tuesday. First adopted in 2009 and extended for five … [Read more...]
Hapag-Lloyd Secures Space Charter Deal with Maersk and MSC
Hapag-Lloyd has secured a space charter agreement with Maersk and MSC, giving the German carrier access to certain 2M services in the Asia-Europe trade. Hapag-Lloyd says the addition of the services will lead to high frequency of weekly departures, more routing options, and access to additional ports with high schedule reliability. The space charter agreement will … [Read more...]
Hyundai Merchant Marine to Join THE Alliance After 2M Expiration
By Mike Wackett (The Loadstar) - South Korean carrier Hyundai Merchant Marine (HMM) is to join THE Alliance when its slot charter agreement with the 2M expires next April. HMM will become the fourth member of the vessel-sharing group, joining Hapag-Lloyd, ONE and Yang Ming. An agreement signed last week also saw the founding members extend the duration of their alliance … [Read more...]
End of Shipping Alliances Would Send Freight Rates Soaring
By Gavin van Marle in Rotterdam (The Loadstar) - Shipper opposition to deepsea liner shipping alliances may be dangerously misplaced, delegates at the TOC Container Supply Chain event in Rotterdam heard yesterday. Lars Jensen, chief executive and partner of SeaIntelligence Consulting, said efforts by some to bar container lines from operating in alliances, claiming they have … [Read more...]