The Ocean Alliance group of container carriers has extended their partnership for another five years. Founded in 2017 under a 10-year deal, the liner grouping comprised of CMA CGM, Cosco Shipping, Evergreen and OOCL has agreed to continue their vessel-sharing agreement until the end of March 2032....
On 27 February, the Chief Executive Officers of the CMA CGM Group, COSCO SHIPPING, Evergreen, and OOCL gathered in Shanghai to sign a Memorandum of Understanding, extending the operational cooperation of the OCEAN Alliance for an additional five years until 2032.
As a sustainable partnership, the OCEAN Alliance remains committed to supporting customers’ supply chains and businesses by providing top-tier shipping solutions across a wide range of served ports, offering direct calls and optimal...
https://container-news.com/cma-cgm-cosco-evergreen-and-oocl-extend-ocean-alliance-to-2032/
By Alexander Whiteman (The Loadstar) – Bed, Bath and Beyond’s administrators have their sights on another shipping line, pursuing Evergreen with a claim via the US Federal Maritime Commission (FMC) for…
Since the members of OCEAN Alliance (CMA CGM, COSCO Shipping Lines and Evergreen Marine Corporation) did not have many newbuildings join their fleets, nor reassign vessels from other loops, they struggled to operate their usual Asia-North Europe and Asia-Mediterranean schedules amid the Red Sea crisis.
Alphaliner’s report showed that while mainline operators should offer 8.5 departures per loop in a week, OCEAN managed just 6.3 weekly loops.
While the COSCO-operated Asia – North Europe LL1 / AEU1...
https://container-news.com/lack-of-newbuildings-costs-ocean-alliances-asia-europe-frequency/
Transpacific eastbound box volumes have rebounded by 16.9% in January 2024 and full-year volumes are expected to record positive growth again after falling by 15.1% last year, according to the latest report by Lynerlytica.
The logistics consultant said transpacific carriers have been able to take advantage of the strong cargo rebound with freight rates more than 200% higher compared to last year.
The major three ocean carriers, COSCO, CMA CGM and Evergreen, have managed to retain their positions...
https://container-news.com/transpacific-container-trade-bounces-back-in-the-beginning-of-2024/
In a victory for container lines, the Seoul High Court on 1 February overturned a fine imposed by the Korea Fair Trade Commission (KFTC) on Evergreen Marine Corporation for freight-fixing.
The Taiwanese mainline operator was one of 23 box lines that KFTC fined a total of US$81 million in January 2022, for fixing South Korea-Southeast Asia freight rates.
KFTC began investigating in July 2018, after receiving complaints from timber importers that almost all liner operators simultaneously raised...
https://container-news.com/seoul-court-rules-that-freight-fixing-fine-was-wrongful-to-evergreen/
Taiwanese container line Evergreen Marine Corporation has signed a Memorandum of Agreement (MoA) with X-Press Feeders, the world’s largest independent common carrier, to place its containers on X-Press Feeders’ new dual fuel green methanol vessels.
X-Press Feeders is planning to run these vessels on green methanol and operate them within Europe.
The two companies aim to work together to launch a feeder network, which will be the first in Europe to be powered by green methanol.
For a start, these...
Taiwanese global liner Evergreen has signed a memorandum of agreement with X-Press Feeders, the world’s largest independent common carrier, to place its containers on X-Press Feeders’ new dual fuel green methanol vessels. X-Press Feeders is planning to run these vessels on green methanol and...
Sea-Intelligence has released the 149th issue of the Global Liner Performance (GLP) report, providing schedule reliability data up to and including December 2023 and covering schedule reliability across 34 different trade lanes and 60+ carriers.
Amid the Red Sea crisis, December 2023 witnessed a substantial -5.0% points month-on-month drop in global schedule reliability, marking the most...
https://container-news.com/contrasting-schedule-reliability-in-taiwans-container-lines/
Early delivery slots in Asia are rare with one notable exception, Taiwan. CSBC, the island’s top shipbuilder, still has space to deliver ships as soon as next year, and Taiwan’s top two lines, Evergreen and Yang Ming, are in discussions for a number of feeder ships at the yard, whose facilities...