Just how big are the global container shipping alliances?
Top 9 carriers control 83% of capacity, but the 3 alliances control only 39% The world’s top two container lines — Switzerland’s MSC and Denmark’s Maersk — have cooperated since 2015 in the 2M alliance, a partnership they will end in 2025. Because MSC and Maersk have the biggest fleets, controlling over a third of all […]
Asian shipping lines are reporting steep revenue declines
Income plunges for OOCL, Evergreen, Yang Ming, Wan Hai New operating results from four Asian shipping lines were released Friday, pointing to steep performance declines in the fourth quarter and ongoing market erosion in the first month of this year. Orient Overseas Container Line (OOCL), the Hong Kong-listed subsidiary of China’s Cosco Group, disclosed revenue […]
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MPC Containers Becomes Lead Customer for Synthetic Marine Diesel
As the search continues for new alternative fuels to contribute to the decarbonization of shipping, Norway’s MPC Container Ships has entered into a future contract with Germany’s Ineratec for a new synthetic marine diesel oil for its ships. Ineratec, which is developed power-to-liquid applications for other segments of the transportation sector, is looking to build […]
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Maersk to consolidate brands
Maersk is moving towards a single, unified brand that will see shipping lines Hamburg Süd and SeaLand as well as newer acquired brands like Senator and LF Logistics discontinued and integrated into Maersk. “We believe that by integrating these into the Maersk brand, we will be able to ease logistical difficulties, whilst also offering more […]
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Liner shipping digests the news of the 2M divorce
The divorce, due to be completed in January 2025, of container shipping’s “Odd Couple” as one liner veteran described it to Splash had been rumoured for many months, and it will pit Clerc, a Swiss citizen in Copenhagen, against Toft, a Danish former Maersk high-flyer in Geneva, in a battle for customers. British consultants Drewry have argued […]
