With the first half of 2020 marked by COVID-19 shutdowns around the world, first in China and eventually in the U.S., ocean carriers' biggest strategy for dealing with decreased shipping demand [...]
Before 2020 hits, let's take a look back at 2019. What happened in international shipping this year didn't happen in a bubble. Just like events of years past affected this year, the things [...]
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 [...]
TOP 10 INTERNATIONAL SHIPPING NEWS STORIES OF 2017 - Universal Shipping NewsWatch this video on YouTube This is it! Universal Cargo’s final blog of 2017. This year certainly seems to have [...]
The leviathan just ate the top dog. Perhaps that’s a bit overdramatic, but China Cosco Shipping Corporation (Cosco), China’s international shipping leviathan, is now the world’s [...]
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 [...]
THE Alliance members are “falling further behind in the megamax vessel stakes,” Alphaliner was quoted as saying in an article by Mike Wackett in the Loadstar. The headlining point of [...]
CMA CGM Launches New Fee CMA CGM just made a move that we could see ripple through the international shipping industry. The carrier will charge a fee to shippers who are “no-shows” [...]
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 [...]
This is it! Universal Cargo’s last blog of 2016. What better way to close out the year than with a look back on the top international shipping stories of 2016. Below you’ll find a [...]
If you’re a shipper and you’ve heard the words “blank sailing,” there’s a decent chance they were accompanied by frustration. That’s because blank sailing [...]
The news out of Beijing at the end of last week on mp.weixin.qq.com is that the carriers of the OCEAN Alliance signed a document laying out the vessel sharing agreement’s planned network of [...]
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 [...]
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