Gemini carriers cut back loading allocations on challenging southern India trade
Southern India’s ocean trade continues to be a challenging market for both Maersk and Hapag-Lloyd, ...
The much-hyped feeder cooperation agreement between THE Alliance members Hapag-Lloyd and ONE has fallen victim to Covid-19.
Since October 2018, a “bilateral strategic feeder network cooperation agreement” has seen the two carriers sharing space on their respective feeder vessels.
However, as part of Hapag-Lloyd’s recently announced “triple-digit-million-dollar” cost reduction plan to mitigate the impact of Covid-19 on its balance sheet, the carrier has suspended a number of its own feeder services, with a view to returning the ships to owners on the ...
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