Ocean Carrier Trends: Will global shipping alliances restore stability?

Ocean Carrier Trends: Will global shipping alliances restore stability?
Patrick Burnson January 31, 2018

Hedging your bets on securing capacity may be an ongoing gambit this year, say ocean shipping industry experts. The big players have only gotten bigger, but that’s no guarantee that service and reliability will improve.

Last year ushered in the formation of three major ocean carrier alliances, all with the hope that this dysfunctional transportation sector would at long last begin to find a way to provide shippers with sustainable service while managing to keep its capacity in check.

First came 2M, comprising Maersk and MSC. Then came Ocean Alliance, which includes CMA-CGM, Cosco Group, OOCL and Evergreen. Finally, we saw the creation of The Alliance, made up of Hapag Lloyd, NYK, Yang Ming, MOL and K-Line. And it’s not over—not by a long shot.

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