Five of the largest ocean carriers are cooperating to introduce a new service connecting important ports in Asia with the East Coast of South America.
In particular, CMA CGM, COSCO, OOCL, Evergreen and PIL will jointly launch the new service on the Asia-Latin America trade in May.
The service will have two separate loops. The first loop will be operated by 12 container ships of up to 14,000 TEU capacity and will commence on 5 May from the port of Tianjin.
The rotation of the first loop will...
OCEAN Alliance, consisting of CMA CGM, COSCO, Evergreen and OOCL, has announced the launch of its updated service network, called “DAY 8 Product”.
After extending their partnership for an additional five years, the four ocean carrier allies are unveiling their new programme aimed at tackling the emerging challenges posed by the volatile conditions in the Red Sea.
The DAY 8 Product, which is expected to commence in April, will include:
https://container-news.com/ocean-alliance-rolls-out-new-service-network/
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/
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/
Container shipping stocks are back in vogue among retail traders, courtesy of Houthi rebel attacks in the Red Sea that suddenly changed the balance of transport supply versus cargo demand.
The share price of ocean carrier Zim (NYSE: ZIM) is bouncing around like a pinball as traders place bets on how the geopolitical chaos will play out.
But Red Sea disruptions won’t have a major effect on carrier financials until the first quarter of 2024 — and results for Q4 2023 will hit the market over the...
https://www.freightwaves.com/news/container-lines-had-rough-q4-before-red-sea-driven-rate-rebound
Orient Overseas Container Line (OOCL) announced the addition of a new 24,000 TEU mega vessel to its fleet.
The newest member of OOCL’s fleet was named OOCL Valencia at the shipyard of Nantong COSCO KHI Ship Engineering (NACKS). This box ship is the seventh environmentally friendly 24,188 TEU vessel in a series of twelve ordered by OOCL, as well as the first new OOCL vessel in 2024 to run OOCL’s Asia-Europe LL1 service.
YING Xiuzhen, director and vice president of China-Base Ningbo Group, was...
https://container-news.com/oocl-expands-fleet-with-introduction-of-24000-teu-mega-vessel/
Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) celebrated the start of 2024 with the introduction of another new 24,000+ TEU containership.
The post OOCL welcomes its first eco-friendly 24,188 TEU boxship in 2024 appeared first on Offshore Energy.
https://www.offshore-energy.biz/oocl-welcomes-its-first-eco-friendly-24188-teu-boxship-in-2024/
In recent weeks, the Red Sea has become the epicenter of heightened tensions as […]
The post Navigating the new normal: Vessel rerouting spurs higher emissions as ships avoid the Red Sea appeared first on Offshore Energy.
Con la entrada en vigor del Sistema de Comercio de Emisiones (ETS) de la Unión Europea el 1 de enero, los transportistas de contenedores están dando a conocer una variedad de recargos para hacer frente a los costos asociados.
Esta entrada Transportistas de Contenedores Introducen Diversos Recargos...