Seaspan orders six more dual-fuel box ships and will pay in Chinese yuan
Canadian tonnage provider Seaspan has inked the first Chinese yuan-denominated newbuilding contract, for six 13,600 ...
Photo: Minipig5188 | Dreamstime.com
SeaIntelligence Consulting’s Lars Jensen has penned a very illuminating column in today’s Splash247, investigating how the tie-ups between Maersk, CMA CGM and Zim with Chinese e-commerce giant Alibaba is actually supposed to work. Alibaba’s OnTouch freight booking platform offers Chinese shippers a rebate scheme on shipments booked on its platform. Given the tie-ups with the three carriers, these shipments are then directed onto their vessels, which on the face of it appears to be a win-win. However, Mr Jensen also cautions that as OneTouch volumes grow so too will its power, to the likely disadvantage of shipping lines.
Comment on this article