17 Jan / 2017
Maersk and Alibaba team up
The world’s largest shipping line and retailer have teamed up – digitally. Denmark’s Maersk Line and China’s Alibaba have engaged in an agreement perhaps representing the digital era of the ocean freight industry. Under the agreement, Maersk, the shipping industry’s leading carrier, can list their freight spaces on Alibaba’s import/export platform, which allows Chinese shippers to make shipping reservations online.
12 Jan / 2017
THE Alliance: Who?
And then there were five. Come April 2017, THE Alliance will be one of the three major shipping alliances setting sail. Short for Transport High-Efficiency Alliance, it consists of Germany’s Hapag-Lloyd (with UASC), Japan’s MOL, K Line and NYK Line, and Taiwan’s Yang Ming Line. The ocean freight grouping was left one short following the collapse of South Korea’s Hanjin Shipping.
Last November, the group announced details of its route network and port calls. It’s set to last five years and includes a 240-vessel strong fleet. It will provide 31 services on all key east-west trades, including 16 transpacific routes and 8 Asia-Europe loops. Under the agreement, members can share vessels, charter and exchange spaces on each other’s ships. The group is also enhancing its Mediterranean to the US East Coast routes by partnering with Israel’s ZIM Line.
10 Jan / 2017
Just a little over six months ago, we witnessed one of 2016’s biggest shipping stories: the inauguration of the Panama Canal expansion. This was, perhaps, also one the most significant moments in ocean freight history.
The expansion created a new traffic lane for larger and deeper ships. It allowed for the tripling in size of vessels that are able to access the waterway of the waterway’s capacity. In this post, we take a look at the canal’s history and its achievements since its historic expansion.