Vessel juggling leaves ocean alliances short of Asia-Europe capacity
Despite the large tranches of new container shipping capacity hitting the water in recent months, ...
It appears it might not be plain sailing for one of the new mega east-west vessel-sharing alliances to appease the regulators.
The Ocean Alliance, comprising CMA CGM (including APL), Cosco, Evergreen and OOCL, needs regulatory approval from the Chinese, the EU and the US Federal Maritime Commission (FMC).
It is highly unlikely that Beijing will throw up any obstacles, since it has a vested interest in its newly merged container carriers, and EU approval is basically self-regulating.
However, the FMC in the past insisted on the 2M alliance changing “the language” of its proposal relating to its negotiations with service providers, and it seems that the Ocean Alliance’s application is receiving the same treatment.
Canadian government invokes 'red tape rule' to prevent rail strike
Carriers juggling capacity and port congestion 'taking us back to the dark days'
'Liner panic' as new container production hits a post-Covid peak
Vessel juggling leaves ocean alliances short of Asia-Europe capacity
E-retailer demand surge to drive extended boom in trans-Pacific air freight market
More checks and delays at Nhava Sheva after latest seizure of goods from China
California staff launch class action against Ceva over 'breaches of Labor Code'
East-west freight rates continue rise; even transatlantic edges up
Comment on this article