Liners cut long-haul sailings, but 'it won't be enough' to stop rates tumbling
MSC and the Ocean and Premier container shipping alliances are withdrawing some transpacific and Asia-Europe ...
© Andrii Yalanskyi
With the ocean shipping alliances set to undergo major upheaval, the upcoming contract negotiation season will be different, because of “big unknowns”, according to the director of the Global Shipper’s Forum, James Hookham.
In February, ocean carriers Maersk and Hapag-Lloyd will leave their respective groupings, the 2M and THE Alliance, to form the Gemini Cooperation.
The 2M’s MSC will remain alone, THE Alliance will comprise just HMM, ONE and Yang Ming, while the Ocean Alliance of CMA CGM, Cosco, OOCL and Evergreen ...
Comment on this article
Matthew Gore
August 21, 2024 at 4:59 pm@James Hookham, I think we both know that contracts do amount to something, although, as has always been the case, it’s about getting the right terms in place and being prepared to enforce them, should you need to, whether from a shipper or carrier perspectice. #HFW