UASC: Alliance with CMA CGM might be on the table

It is not out of the question that UASC will enter into an alliance with CMA CGM and CSCL like most analysts expect following the launch of the 2M alliance, CEO Jørn Hinge tells ShippingWatch.

Last week, MSC and Maersk Line teamed up in a vessel sharing agreement (VSA) dubbed 2M. The news immediately had the shipping world, especially analysts, guessing about what the remaining party of the shelved P3 alliance, CMA CGM, would do.

Analysis firms like Drewry, SeaIntel and Alphaliner all agreed: CMA CGM should join forces with its peers from the Dubai-based carrier UASC and China’s CSCL, which – much like CMA CGM – have invested in massive container ships. And the analysts could be spot on, UASC CEO Jørn Hinge tells ShippingWatch.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs