As most of us within the industry are aware, Maersk recently acquired Hamburg Süd. What’s even bigger news is that Hamburg Süd has recently gotten even closer to Maersk with a new east-west slot charter agreement. Despite Maersk claiming that the agreement was “not related” to its acquisition of Hamburg Süd, the latter German carrier […]
Read moreThe new Oceans Alliance that everyone within the industry has already been talking about for 12 months will be commencing in April of this year. The Ocean Alliance was born in Shanghai in April 2016 when shipping companies including CMA CGM, China Cosco Shipping, Evergreen Line, and OOCL signed a piece of paper that stated they would together offer more than […]
Read moreIt has recently been announced that three of Japan’s largest and best-known shipping groups, namely K-Line, MOL, and NYK, will be merging. The merger is set to take place in mid-2017, with the joint service offering being fully operational by the 1st of April 2018: a slow and steady collaboration about which all members of […]
Read moreThe collapse of Hanjin, the seventh largest container ocean shipping company, is going to impact the global supply chain. The legal options and what to expect from the Hanjin Chapter 15 proceedings have been outlined in this maritime law update by the International Maritime Group: http://www.internationalmaritime.net/hanjins-collapse/
Read moreIt has been a tense time for many around the world. While on September 13, the chairman of Hanjin Group transferred 40 billion won ($36 million) to Hanjin Shipping to enable cargo stranded on the troubled shipper’s vessels to be unloaded, securing additional funds could take “considerable time”, according to a company spokesman. The looming […]
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