An ocean of al­liances

China Daily (USA) - - BUSINESS - SOURCE: WWW.JOC.COM

Ocean Al­liance

It bands the re­cently formed China COSCO Ship­ping with Ever­green Line, CMA CGM and OOCL. The al­liance in­volves ves­sel- and slot-shar­ing agree­ments or VSAs. Mem­bers of other ma­jor al­liances -- the G6, CKYHE, and Ocean Three -- will need to form new VSAs with dif­fer­ent car­ri­ers, cre­at­ing fresh un­cer­tainty in the ship­ping in­dus­try.

2M

Maersk Line and Mediter­ranean Ship­ping Co an­nounced the 10-year 2M Al­liance ves­sel-shar­ing agree­ment on the Asia-Europe, trans-Pa­cific and trans-At­lantic trade lanes as the car­ri­ers strove to bet­ter uti­lize ca­pac­ity in the wake of their failed bid to launch the P3 Net­work in 2014.

The Al­liance

The Trans­port High Ef­fi­ciency Al­liance was formed by NYK Line, MOL, “K” Line, Han­jin Ship­ping, Ha­pag-Lloyd and Yang Ming Line. Pos­si­ble ad­di­tional mem­bers could be United Arab Ship­ping Com­pany, which is in dis­cus­sions with Ha­pag-Lloyd for a merger, and Hyundai Mer­chant Marine, which is un­der­go­ing a fi­nan­cial re­struc­tur­ing.

CKYHE Al­liance

It con­sists of pre­vi­ous Cosco Con­tainer Lines, “K” Line, Yang Ming Line, Han­jin Ship­ping, and Ever­green Line. The CKYHE Al­liance will cease to op­er­ate in 2017 as a re­sult of con­sol­i­da­tion in the con­tainer ship­ping in­dus­try. Ever­green Line and China Ship­ping Con­tainer Lines joined the Ocean Al­liance in 2016, while “K” Line and Yang Ming Line are join­ing other al­liances. Han­jin went bank­rupt.

G6 Al­liance

The G6 Al­liance mem­bers are APL, Ha­pag-Lloyd, Hyundai Mer­chant Marine, MOL, NYK Line and Ori­ent Overseas Con­tainer Line. The G6 Al­liance has a ves­sel-shar­ing agree­ment that al­lows con­tainer lines to achieve economies of scale and bet­ter cope with pe­ri­ods of slack de­mand. The G6 Al­liance will cease op­er­a­tions in 2017 as its mem­bers have signed new agree­ments.

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