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Maritime News

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12/20/2014
Concluding the final stage in its merger with Hapag-Lloyd, CSAV injected 259 million euros ($317 million) into the combined company and in doing so increased its shareholding to 34 percent in what is now the world’s fourth largest container line. “We have become the largest shareholder in a company with annual...
12/19/2014
HONG KONG — A look back at the year’s host of general rate increases levied by shipping lines on their customers reveals the ineffectiveness of the practice, with no GRI sticking for longer than two weeks or achieving the sought after price hike. This trend continued with the final GRIs of...
12/18/2014
Although carrier reliability globally in November was the best so far this year, carriers operating on the trans-Pacific eastbound lane saw reliability worsen, as timeliness sank to 53.6 percent for the month, new data from SeaIntel shows. Carrier reliability globally jumped to 76 percent in November, up from October’s global percentage...
12/17/2014
World Shipping Council President and CEO Chris Koch in late July will hand over the reins of the trade group representing major container lines. John Butler, WSC senior vice president and general counsel, will take over the group — whose members control 90 percent of global container capacity — on July 31....
12/17/2014
  The launch of the 2M and 03 alliances in the New Year will boost capacity on the Far East-Mediterranean route by about 19 percent, triggering a battle for market share that could result in fresh rate reductions, according to Alphaliner.   The seven alliance carriers will control 68 percent of total capacity...



 
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