Hapag-Lloyd to impose post-CNY rate hikes as blanked sailings slow the pace of price decline
Hapag-Lloyd today announced a new general rate increase (GRI) of $900 per teu on headhaul ...
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By Mike Wackett
The mega-alliance rankings should determine the foundation for success, or will other factors play a role?
The long-anticipated announcement last week of the marriage of convenience between ocean carriers CMA CGM, UASC and China Shipping represents “the final piece in the ‘mega-alliance’ jigsaw”, according to analyst Drewry.
The formation of the romantically named Ocean Three alliance, said Drewry in its Container Insight weekly publication, means that most of the east-west tradelanes are “now completely locked down by alliances, with virtually no room ...
Comment on this article
Ricky Forman
September 15, 2014 at 2:11 pmCan unit costs be reduced forever? What happens when they cannot? Shouldn’t some focus be on increasing revenues also?
Suresh
October 06, 2014 at 6:12 amThe increasing size of mega vessels is already preventing these vessels from calling at major ports of call.The only option is transhipment, and these are causing containers to be handled at multiple ports, increasing shipment transit times and possibility of cargo damages.
Will shippers continue to accept this?
Mike Wackett
October 06, 2014 at 1:20 pmDepending on who you talk to Suresh, the answer is: Yes, as long as the price is right.