Partners within a shipping consortium agree to operate liner services along a specified route using a specified number of vessels.Alliances cover multiple VSAs and carrier members jointly operate and decide on major service routes, new services being introduced, transit/service levels and capacity controls. The Ocean alliance will represent roughly 26% of global container capacity or about 5.5 million TEU’s.The Ocean Alliance will own 41.43% market capacity on the Transpacific trade lane, and 34.86% in Asia-Europe, allowing for considerable strength across both major trade lanes.THE is another alliance marked by the industry’s recent moves towards greater consolidation.

Instead of cooperating to move passengers, ocean carriers cooperate to move freight. APL, part of the CMA CGM Group, joins the league of some of the world’s leading container shipping lines in the OCEAN Alliance, the largest operational shipping agreement in the industry. 8/20/2020 11:36:43 AM - 0684

Left unresolved, however, is whether carriers will cut capacity like they did on the trans-Pacific during the US ocean peak season.CMA CGM wants “to be more than a price tag” and to that end will roll out insurance, trade finance, and technology and digitization efforts to make the carrier more responsive to shipper needs.Hong Kong-listed OOCL, soon to be part of Cosco, reported a massive increase in container volume and revenue for 2017.The Cosco-OOIL deal took another giant step towards becoming the world's largest carrier in total liftings when it received approval for the takeover from the European Commission.The merger will create a European-wide transportation company with 18 services.Independent container lines increased their combined market share as well as their total volume of imports in the third quarter.Cosco Shipping is heading for the world's number three container line position, with its rapid expansion boosted by the Chinese government.The proceeds of a share sale will be used by Cosco Shipping to fund the construction of 20 new container ships, 11 of them in excess of 20,000 TEU.The Cosco-OOCL takeover and the merger of Japan's three carriers into ONE show two very different approaches to M&A.Offering the right solutions and not the lowest price will be the way carriers can differentiate themselves, believes the APL CEO.French liner giant CMA CGM sits on both sides of the fence at the Kingston Freeport Container Terminal.US maritime regulators on Thursday voted to allow ocean carrier members of THE Alliance to form an emergency fund.Shippers are seeing little improvement in service levels from the new container shipping alliances.The five largest carriers in the US import and export trades continue to tighten their grip on the container shipping market.The announcement marks a significant escalation in the size of the ships stopping at the Port of New York and New Jersey.The significant number of mega-ships set to enter Asia-North Europe by the end of 2018 has resulted in capacity upgrates on many services on the trade.Houston and several other Texas and Louisiana ports hope to restart operations by Labor Day.Carriers have announced blanked sailings in the weeks that cover China's October holidays with demand expected to fall off.CMA CGM has signaled its intent to order nine 22,000 ships that, if delivered before 2019, will add to the huge amount of mega-ship capacity coming in to the Asia-Europe trade.OOCL in first half profit turnaround as volumes and higher rates push up revenue.The most reliable carrier in the quarter was Wan Hai.The double-digit second-quarter volume and revenue growth will come as good news to OOCL’s prospective new owner, China Cosco Shipping Holdings.Carriers large and small battle for market share and profits in the Pacific.Shares of Cosco Shipping have finally begun trading again in Shanghai after being suspended since May.A 13,200 TEU vessel that is the largest ever to enter the Port of New York and the US East Coast passed under the newly-elevated Bayonne Bridge Monday afternoon. In Asia and Europe especially, ship bunching has become a larger problem due to redrawn vessel rotations – leading multiple vessels to call on a terminal too quickly and causing increased challenges loading and unloading those vessels within the terminalsContainer ships are calling different terminals and ports, changing where many chassis need to be – causing concerns that the shipper or importer may be bearing the brunt of that impact and paying any associated dislocation fees Some scheduled intermodal trains have been delayed or had other challenges due to increased congestion and ship bunching in a number of key portsOther critical impacts of the carrier alliances have included an overall industry shift to a “hub-and-spoke” network, similar to how airlines deploy their fleets. The four weekly services involved -- AL1, AL2, AL3, and AL4 -- now connect northern Europe with the US … The newly reorganized ocean carrier alliances will have fewer carriers & alliances overall, and will dominate the Asia-North America trade lanes. The assembly of both the Ocean and THE alliances were in part, at least, to challenge the dominance of the longstanding 2M alliance (particularly now that they will incorporate HMM in some capacity to boost their Transpacific market share).

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