ShippingWatch

Singapore shippers: Container alliances worsen service

The many alliances and mergers in the container industry are leading to weakened coverage on the small services, says the chairman of the Singapore National Shippers' Council in an interview with ShippingWatch. The low rates are only making the situation worse, he explains.

Photo: Ed Wray/AP/POLFOTO/arkiv

SINGAPORE

2015 was the big launch year for the four major alliances which currently dominate the global container market, as well as the consolidation in the business which many expect to continue this year. The most significant collaboration has been the 2M alliance between Maersk Line and MSC, which has just turned one year, along with CMA CGM's recent acquisition of NOL and the merger of the two Chinese liners, Cosco and CSCL.

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