Hapag-Lloyd AG, Germany’s top container shipping line, and five Asian carriers are set to form a new alliance, people familiar with the matter said.
Taipei, May 14 (CNA) Yang Ming Marine Transport Corp. (陽明海運), one of Taiwan's leading container shippers, has formed a new shipping alliance with five of its foreign counterparts, to grab a bigger share of the global shipping industry.
Cash-strapped Hanjin Shipping Co., South Korea's largest shipper, has joined a new alliance led by a German company amid its creditor-led debt restructuring,
By Jonathan Saul and Vera Eckert LONDON/FRANKFURT, May 13 (Reuters) - German container shipping firm Hapag-Lloyd has formed a new alliance with five Asian co...
A vessel-sharing deal is expected to be announced Friday and will involve the Japanese trio of Nippon Yusen Kabushiki Kaisha, Kawasaki Kisen Kaisha and Mitsui O.S.K. Lines; Germany’s Hapag-Lloyd; South Korea’s Hanjin Shipping and Hyundai Merchant Marine; and Taiwan’s Yang Ming.
Guest Voices: The new wave of global alliances raise important questions about whether concentration in shipping serves the public interest, Olaf Merk writes in a commentary.
German container shipping firm Hapag Lloyd on Friday announced a new international shipping alliance which is due to start up in April 2017 for initially five years, spanning 18 percent of global container fleet capacity.
Hapag-Lloyd AG, Germany’s top container shipping line, and five Asian carriers will form a new vessel-sharing alliance to take on bigger rivals amid a glut in capacity that’s depressed freight rates.
The tie-up, to be called THE Alliance, makes up a fleet of more than 620 ships and will begin operation in 2017 with an initial period of cooperation for 5 years
Some of the biggest Asian and European container-shipping operators left out of a recent wave of industry consolidation — including Hapag-Lloyd and Nippon Yusen — say they will form an alliance.
Some of the biggest Asian and European container-shipping operators have agreed to form a new alliance to share vessels, in a bid to rival the dominance of global giants.
Move seen to fend off M2 a newly forming Ocean Alliance in latest push for economies of scale groups 6 heavyweights