FMC Stops Japan’s Big 3 Carriers From Jumping the Gun on Merger
The “Tripartite Agreement” is what it was called–an agreement between Kawasaki Kisen Kaisha, Ltd (K Line), Mitsui O.S.K. Lines (MOL), and Nippon Yusen Kaisha (NYK) that included [...]
The “Tripartite Agreement” is what it was called–an agreement between Kawasaki Kisen Kaisha, Ltd (K Line), Mitsui O.S.K. Lines (MOL), and Nippon Yusen Kaisha (NYK) that included [...]
South Korea might have been taking notes when China pushed for the merger of its two, big, state-owned shipping companies, Cosco Group and China Shipping Group. South Korea may force Hanjin [...]
Yes, approval from competition authorities will be necessary, but Hapag-Lloyd and CSAV have signed a binding agreement that merges Compañía Sud Americana de Vapores’ cargo container [...]
At the beginning of August, we shared a story in Universal Cargo's blog about a U.S. shipper, MCS Industries, filing an official complaint with the Federal Maritime Commission (FMC) that accused [...]
Soaring freight rates for the last year plus have significantly cut into shippers' profits. Not surprisingly, these sky-high freight rates have had the opposite effect for carriers. But just how [...]
The Federal Maritime Commission (FMC) is increasing how often ocean freight carriers from the three major alliances that dominate global shipping must file trade data. Shipping lines from these [...]
A couple weeks ago, we posted a blog about how ocean freight carriers, in the middle of the coronavirus pandemic, went from being projected to lose as much as $23 billion in 2020 to looking like [...]
You would think the trade war between the U.S. and China would be nothing but bad for transpacific shipping; however, it may have just saved the year for carriers.
Back in June, we [...]
"We're all going to go bust," MOL President and CEO Junichiro Ikeda said to the Financial Times about the near future of ocean carriers in the international shipping industry.
For [...]
Fuel costs have significantly increased this year, causing many carriers to post first-quarter losses for 2018.
At least, carriers are saying higher fuel bunker prices are the cause [...]
Back in November, we blogged about Maersk no longer being the number one carrier. Today’s blog headlines with Maersk still being number one. So what gives? The previous blog was about who [...]
Last month, Maersk said it expects carrier competition to shrink to only three global companies. It’s possible that Maersk is wrong, but it’s hard not to take the words and [...]
Maersk is the largest carrier by capacity in international shipping and clearly the leader of the industry. We’ve talked about this before in Universal Cargo’s blog: The moves Maersk [...]
It has been a dark time for ocean carriers. Investing heavily in megaships–ships so large they can destroy entire planets–carriers created capacity greatly surpassing disappointing [...]
On Sunday (July 9th, 2017), Cosco Shipping Holdings Co., Ltd. (Cosco); Shanghai International Port Group Co., Ltd (SIPG); and Orient Overseas International Limited (OOIL) announced jointly that [...]
Shippers are worried about more than just their March Madness brackets right now. What has them so worried? The risk of next month’s big carrier alliance reshuffle causing freight [...]
News broke this weekend that Japan’s three biggest shipping companies are merging. On October 31st, Mitsui O.S.K. Lines Ltd. (MOL), Nippon Yusen Kabushiki Kaisha (NYK), and Kawasaki Kisen [...]
When watching the carriers operating in the international shipping industry, the old Agatha Christie mystery, “Ten Little Indians” comes to mind. … And then there were [...]
With the merger of China Cosco Group and China Shipping Group creating the shipping leviathan China Cosco Shipping Corporation Limited, changes are going to ripple across the entire international [...]
Almost two years ago, I posted Hunger Games of the Sea, a blog about all the carrier alliances that were forming as international shipping companies struggled for dominance and just to stay [...]