Mediterranean Shipping Company (MSC), the world's second largest ocean freight carrier by capacity for the moment, put out a press release on Monday concerning its executive leadership: MSC [...]
Maersk predicted, a couple years ago, that carrier competition would shrink to just 3 global companies. Of course, Maersk is at the top of the list of carriers expected to be left if its [...]
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 [...]
Now that international shipping is dominated by three carrier alliances, the 2M, OCEAN Alliance, and THE Alliance, many shippers are worried about freight rate collusion between the shipping [...]
Despite the reshuffling of ocean carriers into just three alliances–the 2M, Ocean Alliance, and THE Alliance–being described as a disaster, U.S. shippers have seen little impact on [...]
As of today (March 30, 2017), the Federal Maritime Commission’s (FMC) approval of the cooperation agreement between Hyundai Merchant Marine (HMM) and the 2M alliance members, Maersk and MSC [...]
As of Monday, the OCEAN Alliance has been cleared for business–at least as far as the Federal Maritime Commission (FMC) is concerned. However, the vessel sharing agreement between CMA CGM, [...]
Don’t look now, but it seems like the honeymoon might be over between Maersk and Mediterranean Shipping Company (MSC) in their 2M Alliance. There is no news about the premier carrier [...]
Is Hyundai Merchant Marine (HMM) no longer joining Maersk and Mediterranean Shipping Company (MSC) in their carrier alliance? “The memorandum of understanding is only a paper to agree to discuss. [...]
Hyundai Merchant Marine (HMM) stock just shot up by the maximum daily allowable amount. This must make debtors of the nearly $5-billion-in-debt shipping line feel good right about now. In a [...]
Things are not looking good for Hyundai Merchant Marine (HMM). South Korea’s second largest shipping line has been in financial crisis that it is looking less and less likely to survive. [...]
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 [...]
All the rumors have led up to this… A big, new carrier alliance has been announced: The Ocean Alliance. After China Cosco Group and China Shipping Group merged to form China Cosco [...]
Maersk and Mediterranean Shipping Co. (MSC) have received approval from the U.S. Federal Maritime Commission (FMC) for their 2M Vessel Sharing Agreement (VSA) and now await approval from China. [...]
Goodbye P3, hello 2M. It didn’t take long after China halted plans for the P3 Network, what would have been an operational alliance between the three biggest carriers in the international [...]
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