New Premier Alliance launched
Orphans of Hapag Lloyd, Yang Ming, HMM & ONE announce plans to continue their collaboration
ZIM ups its average vessel size
The Israeli shipping line is one of the operators that has increased its fleet capacity most (Alphaliner)
Unifeeder riding high in N. Europe
The Danish carrier has overtaken CMA CGM to become the second largest operator in this market
Asia-Europe, +10% capacity needed
Despite +1.4 mln TEUS this year, the 3 mega alliances still need 36 more ships for the Asia-Europe trade
CMA CGM, new loyalty programme
Their customers will be able to accumulate points to get benefits on their cargo bookings
Intra-European capacity up
Maersk is the carrier that has recorded the largest market share increase (from 11.3% to 11.7%)
Container freight rates down 5%
Tariffs on the spot market averaged $3,493 per FEU. Index -6% on Shanghai-Genoa route
HMM’s yearly net profit down 90%
Its poor financial performance last year is due to weak transport demand and falling freight rates
OOCL revenue down 49% in fourth quarter
The financial results of the COSCO-controlled group are mainly attributable to shipping rates dwindling