Read all the latest news about Container alliances. ShippingWatch gives you independent, credible, critical and fair news.

Container carrier acquisition spree nears its end

The huge consolidation wave sweeping the container industry is about to wind down with Cosco Shipping's billion-dollar acquisition of OOCL, say several analysts to ShippingWatch. Two players look set to become losers in the wake of the trend.

South Africa rejects Japanese container merger

Competition authority in South Africa rejects the planned merger between NYK Line, MOL, and K Line. A merger increases the risks of price fixing in the container market, says the authority.

Maersk and MSC behind biggest vessels on Asia-Europe

The container sector's main tradelane from Asia to North Europe is being serviced by ever-larger vessels. The 2M alliance with Maersk Line and MSC is at the forefront of this trend in which the biggest container vessels are deployed on Asia-Europe, forcing the already large vessels down onto the smaller trades, notes SeaIntel.

"Consolidation is not a game changer, it's the actual game"

Following a loss of at least EUR 5 billion and perhaps upwards of EUR 10 billion in 2016, the container carriers are now trying to save themselves by joining forces. This is pure survival but no recipe for profits, says Olaf Merk, shipping and port expert at OECD.

EU tests possible effect of new container alliances

The EU Commission is informally contacting stakeholders to determine if the prices between Europe and Asia have increased after April 1 this year as a consequence of the fact there are now only three major container alliances left operating.

New CEO will turn around Israel's Zim

ZIM will get a new CEO this summer. He will transform and adapt the company to the new reality of the container market, where the carrier sits outside the three major alliances. According to Wall Street Journal, several shareholders are certain of a sale.

Analysts: Maersk Line headed for billion-dollar improvement

An improved profit of no less than USD 1 billion for 2017 may sound like a bold prediction from Maersk Line, but Danish and international analysts speaking to ShippingWatch all seem confident that CEO Søren Skou is on track to reaching his goal. The group's first quarter results will be released Thursday.

US scrutinizes the power of container carriers

US legislators are reviewing regulation which allows container carriers to enter into confidential partnerships and fix price guidelines. Critics believe that the law disadvantages players such as towage companies.

Seaintel: Container shipowners gear up in Atlantic

The two most important container routes on the Atlantic from North Europe and the Mediterranean to the US East Coast will see a huge rise in capacity this year with the new alliances, according to Seaintel.

Shippers voice harsh criticism of container alliances

Shippers which routinely send containers to Asia are noting "heavily damaging situations" due to a major decline in capacity on the vessels, says the European Shippers' Council, voicing harsh criticism against the three major alliances.

The Alliance will safeguard customers against Hanjin situation

As the first of the three major container alliances, The Alliance is now establishing a trust fund to help the carriers deliver stranded containers if one of the members becomes insolvent. The initiative comes in the wake of criticism from US shippers in particular following the collapse of Hanjin Shipping.

Alphaliner: Pacific will be the new battleground in 2017

The smaller and independent container carriers outside the alliances have a combined market share of 13 percent on the trade routes between the Far East and North America, and this could undermine attempts to increase the rates.

Maersk Line and MSC enter strategic cooperation with HMM

Maersk Line, Mediterranean Shipping Company (MSC), and Hyundai Merchant Marine (HMM) on Sunday announced a new strategic cooperation, Maersk Line informs. "It will enhance the 2M network in the Pacific," says Søren Toft, Chief Operating Officer, Maersk Line.

Media: 2M puts severe pressure on Hyundai Merchant

South Korean Hyundai Merchant Marine's negotiations concerning the carrier's possible participation in the 2M alliance with Maersk Line and MSC have, according to a Korean news outlet, been fraught with problems. A meeting in Copenhagen on Tuesday could prove decisive.

2M to land deal with South Korea's HMM within days

Within the next two weeks, 2M carriers Maersk Line and MSC will be able to present an agreement with South Korea's Hyundai Merchant Marine, say sources with knowledge of the process to ShippingWatch. The South Koreans believe that HMM will join the 2M alliance.

Søren Skou hosts meeting for container industry's Chief Execs

The container industry's exclusive club for CEOs from the largest carriers will meet in two weeks. Maersk Line CEO Søren Skou is hosting the probably most secretive forum in the business, the Box Club, at Maersk headquarters in Copenhagen. The agenda is, as always, undisclosed.

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