Q3 surge in volumes sees Hapag-Lloyd sail back into calmer financial waters
Hapag-Lloyd moved into the black in the third quarter with a net profit of $56m, but sees a ...
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By Mike Wackett
The dust had barely settled on the announcement that Evergreen is to formally join the CKYH Alliance next month before it appears that the enlarged CKYHE grouping is trying to woo the ambitious United Arab Shipping Company (UASC) into its camp.
However, from comments attributed to CEO Jorn Hinge, UASC will play hard to get – its advantage of ultra-large ship orders putting it in the front line of the unattached ocean carrier beauty contest.
In fact, such is the economy of ...
Comment on this article
Lou Roll
February 25, 2014 at 2:37 pm“…an average vessel size of 12,200teu, thereby giving the Maersk, MSC and CMA CGM grouping an economy of scale advantage of around 25%…”.
Maybe…if these ships are effectively filled with profitable freight. Otherwise, larger ships either filled only at 80%, or fully filled with loss making freight, will also generate losses, sometimes massive losses.
It should be also noted that the P3 Alliance, with 3 partner-lines, will have 3 x marketing networks, whereas a G6 Alliance will have 6 marketing networks and the CKYH-E Alliance will have 5, maybe 6 or 7 (with CSCL and UASC) marketing networks to promote their services.