Search results for: liner shipping

92772 results

A list of search results

  • 26 March 2020
    Business developments & projects, Human Capital, Outlook & strategy

    The number of Maersk employees working from home has increased considerably amid lockdown measures implemented across Europe and Asia to contain the coronavirus pandemic. “I am proud to experience how this transition has been managed rapidly by our teams without any major impact on our ability to keep the wheels of global trade spinning. In […]

  • 3 December 2019
    Rules & Regulation

    ACCC is seeking comments on a possible class exemption for ocean liner shipping.

  • 13 May 2014
    Business & Finance

    Hapag-Lloyd competed well in the first quarter of the current financial year, despite a very challenging market environment and persistently high energy costs. Revenue reached EUR 1.55 billion in the first quarter (prior year period: EUR 1.65 billion). Adjusted for exchange rate fluctuations as a result of the weaker US dollar – the main currency […]

  • 24 December 2015
    Business & Finance

    The Hong Kong Liner Shipping Association has filed a request for block exemption from Hong Kong’s competition regulations that entered into force on Monday, December 14th outlawing inter alia vessel-sharing agreements. The association’s request joins numerous others from various industry branches seeking exemption from the regulation. The association believes Hong Kong should follow the example […]

  • 23 June 2020
    Business & Finance, Market outlooks

    Container shipping companies’ fight to maintain freight rates high through capacity management seems to have paid off, beating forecasts on carrier profitability. The liners’ ability to adapt to the new normal through a disciplined approach to the deployment of ships comes as a surprise as dwindling of demand was expected to push carriers into the […]

  • 6 April 2020
    Outlook & strategy

    Blanking of sailings triggered by the demand drop from the coronavirus pandemic could result in a USD 23 billion collective loss for container carriers in the worst-case scenario, Copenhagen-based consultancy Sea-Intelligence predicts. This scenario is based on the freight rates decline experienced by carriers in 2009 and is being made on the back of a […]

  • 9 August 2017
    Business & Finance

    Hong Kong has granted a block exemption order (BEO) for vessel sharing agreements (VSAs) in the liner shipping industry. The country’s competition commission issued the order on August 8 in response to an application received from the Hong Kong Liner Shipping Association (HKLSA) in December 2015. In its application, HKLSA asked for a block exemption order covering both VSAs […]

  • 7 April 2020

    Ultra large containership Milano Bridge toppled a crane at a container terminal in the Port of Busan on Monday, April 6. According to Korean media reports, the 13,900 TEU containership derailed cranes 81-84 and caused the crane 85 at the Busan New Port to collapse. As informed, the collision occurred while the empty boxship was […]

  • 25 March 2020
    Business developments & projects, Equipment, Infrastructure, Operations & Maintenance, Vessels

    Hapag-Lloyd has on-hired over 100,000 TEU of additional equipment across the globe to keep the supply chain flowing.

  • 30 March 2020
    Outlook & strategy, Vessels

    Just as the number of blank sailings out of China by container carriers started to subside, the industry is bracing for another surge of void sailings on the Asia-Europe trade as the coronavirus pandemic spreads to Europe. The number of blank sailings jumped from 2 to 45 on the main deep-sea trades last week, according to […]

  • 13 March 2020
    Business & Finance

    PIL has sold its liner shipping business Pacific Direct Line to Neptune Pacific Line.

  • 25 March 2020
    Authorities & Government, Regulation & policy, Rules & Regulation

    The European Commission has prolonged for another four years the regulation outlining the conditions under which liner shipping consortia can provide joint services without infringing EU antitrust rules. The commission believes that the regulation is still fit for purpose as it allows liner companies operational cooperation that leads to economies of scale and better utilization […]

  • 17 June 2020
    Business & Finance, Market outlooks, Outlook & strategy

    The massive consolidation drive in the container shipping market that dominated the narrative over the past four years seems to have brought about unexpected benefits during the coronavirus crisis. The driving force behind the phenomenon has been primarily achieving economies of scale, especially considering the amount of capital investment needed in new, ever bigger ships. […]

  • 1 April 2020

    Global schedule reliability of liner shipping companies dropped to the lowest recorded level since 2011.

  • 13 February 2017
    Business & Finance

    Although the container shipping sector saw a huge amount of consolidation in 2016 driven by the persistent pressure in the industry, the sector is still not that consolidated, according to Clarksons Research. On the basis of start 2017, this fairly fragmented shipping industry counted 88,892 ships in the world fleet, which were spread across 24,267 owners. That works […]

  • 22 June 2017
    Business & Finance

    The South African Competition Commission has decided to block the proposed merger between Japan’s big three container shipping companies. Namely, the commission has prohibited the deal between Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL), and Nippon Yusen Kabushiki Kaisha (NYK Line) to merge their container liner shipping businesses to form a joint venture in that […]

  • 21 December 2018

    Liner shipping associations have asked the European Commission to extend the EU consortia block exemption regulation.

  • 28 September 2018

    The EC is seeking views on Consortia Block Exemption Regulation.

  • 21 December 2015
    Business & Finance

    Dutch shippers have voiced fears that the alliances in the container liner shipping industry will hinder competition, reducing the choices companies have when shipping their cargo overseas. These were the results of a survey the Dutch Shippers’ Association (EVO), representing the interests of 15,000 manufacturers, retailers and wholesalers, collectively referred to as shippers, orders every year […]

  • 25 March 2020
    Rules & Regulation

    The regulation is now extended until April 25, 2024.

  • 7 April 2011

    The abolition of liner shipping conferences has brought more volatility as there is less market intelligence available for carriers to make decisions on rates, claimed Nicolas Sartini, Senior VP of CMA CGM. He was speaking at the Containerisation International 13th Annual Global Liner Shipping conference in London this week.

  • 26 September 2017
    Business & Finance

    German liner shipping company Hapag-Lloyd has sold three of its older containerships which were owned by United Arab Shipping Company (UASC) prior to the merger of the duo in May this year. The Deira, the Najran and the Sakaka will be transferred to shipyards in China and Turkey, which are certified for safe and environmentally […]