Browsing Tag

OCEAN Alliance

8 posts

CMA CGM swings to profit on strong volume growth, higher freight rates

The CMA CGM group reverted to profit in 2017 following a loss the preceding year, driven by robust growth in container volumes, increase in…
  • March 17, 2018
  • 3 minute read

Freight rate rebound outlook solidifies heading into the second half

The ocean freight market appears more firmly set for a recovery, and the uptrend in freight rates is expected to continue for the rest…
  • July 27, 2017
  • 2 minute read

Cosco, CMA CGM intensify port ties in time for Ocean Alliance launch

China-based Cosco Shipping Ports and France’s CMA Terminals Holding have forged a pact to cooperate and give priority to the ports where Ocean Alliance…
  • January 28, 2017
  • 2 minute read

THE Alliance cleared to operate on US waters

The proposed liner consortium of five ocean carriers called “THE Alliance” becomes effective on December 19, 2016 after it recently received the green light…
  • December 19, 2016
  • 2 minute read

CMA CGM announces loss as volumes, rates still falter

Global container shipping company CMA CGM experienced a loss of US$268 million in the third quarter of the year, swinging sharply from a $51…
  • November 21, 2016
  • 2 minute read

6 box liners strike deal to set up ‘THE Alliance’ to ply all East-West trades

Six ocean carriers are forming a new alliance that will grab an 18% share of the global container fleet capacity, Hapag-Lloyd announced today in…
  • May 13, 2016
  • 2 minute read

Fitch: M&As more effective than alliances for capacity cuts

There will be increased movement toward mergers and acquisitions (M&As) in the shipping industry as carriers begin to see them as the better solution…
  • May 2, 2016
  • 2 minute read

Top box liners bare new merger, alliance moves amid depressed market

As container lines struggle to remain profitable in a market beset by overcapacity and weak demand, two liners have announced merger talks, while four…
  • April 22, 2016
  • 2 minute read