Maersk Acquiring Hamburg Süd!
It came out over Thanksgiving weekend that the major carrier Hamburg Süd could be up for sale. Immediately, speculation began about who would acquire the company with the names of other carriers [...]
It came out over Thanksgiving weekend that the major carrier Hamburg Süd could be up for sale. Immediately, speculation began about who would acquire the company with the names of other carriers [...]
The holiday season is here. That means we’re approaching the end of 2016 and projections are being made about what 2017 will look like for the international shipping industry. Drewry, the [...]
We now know who will be buying Hanjin’s Asia-U.S. assets. Yes, we’re still talking about Hanjin Shipping. Yes, we know Donald Trump was elected president last week. Yes, we posted a [...]
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 [...]
Tuesday (November 1st, 2016), the Pacific Maritime Association (PMA) and International Longshore & Warehouse Union (ILWU) met to discuss a contract extension. Well, they met to discuss the [...]
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, [...]
As if the Hanjin Shipping collapse hasn’t been bad enough for shippers, especially those who are customers of the bankrupt carrier, imagine the company or its creditors suing its shippers [...]
Well, this might be a little bit early–notices are reported to start going up tomorrow at the earliest–but Hanjin Shipping’s Asia-U.S. operations are going up for sale. The [...]
The Pacific Maritime Association (PMA) and the International Longshore & Warehouse Union (ILWU) are officially going to meet to discuss an early contract extension. Sort of. In a joint press [...]
It’s a new twist on an old strategy. Usually with divide and conquer, it is the enemies or subjects intended for rule that an entity divides in order to overtake or rule. Maersk, the [...]
The typical person generally thinks of international shipping as a boring topic, if he or she even thinks of the topic at all. However, this industry–which profoundly but invisibly impacts [...]
Despite the fact that Hanjin Shipping has been in financial trouble for a long time, the ocean carrier’s collapse last week is major news. The entire shipping industry is affected by South [...]
There could not have been a worse time for one of international shipping’s major ocean carriers to sink than peak season. However, that’s exactly what’s happened with Hanjin [...]
Hanjin Container Ship Photo by: Flickr user Ingrid Taylar There could not have been a worse time for one of international shipping’s major ocean carriers to sink than peak season. However, that’s [...]
“Don’t call it a comeback; I been here for years.” I can just hear the Panama Canal saying those LL Cool J words as it regains market share from the Suez Canal on Asia to U.S. [...]
Try not to hear Steve Carell saying, “That’s what she said!” in your head when considering the international shipping industry’s stance on size: bigger is better. It seems [...]
Sigh no more, ladies, sigh no more, … And be you blithe and bonny, Converting all your sounds of woe Into Hey, nonny nonny. –William Shakespeare’s Much Ado About Nothing The new [...]
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 [...]
Illegal. That’s what Seaspan called Hanjin Shipping Co.’s request for a cut in charter rates on the ships it leases from the container ship leasing company. Kyunghee Park [...]
This year has seen record low freight rates. While freight rate pricing has been increasing, shippers are still paying significantly less than in previous years. World Maritime News reported a [...]