Shippers and ports warn strongly against P3

In June 2013, the top container shipping company in the world, Maersk and MSC(switzerland) and CMA CGM(France), followers right behind the Maersk, have agreed to make an stategic alliance one another. The negotiation among the top three leaders in the world was shocking to the other competitors and some shippers and ports warn strongly against this new threatening alliance. The other say the alliance will lead to loewr price and be beneficial to them.

 

Reference : http://shippingwatch.com/secure/carriers/article6324301.ece

EU antitrust shipping probe includes COSCO, Hanjin: sources

Korea's Hanjin Shipping and China's COSCO, seventh and fifth of the world market position each, are being investigated by European Union for allegedly inflencing prices to European routes. There are 14 container shipping compaines for this investigation. Lots of competitors including Korea's Hyundai Merchant Marine, Taiwan's Evergreen, and France's CMA CGM are now joining the probe group to seek the truth. If EU finds out the two companies actually tried to control the price for cargos to Europe, they will impose fine to both container shipping giants.

Reference : http://www.reuters.com/article/2013/12/05/us-eu-shipping-antitrust-idUSBRE9B40TQ20131205

UK: Peel Ports Group, Busan Port Authority Sign Co-Operation Agreement

The British Port, Peel Port, handling 65million tonnes of cargo every year succeeded to sign an agreement with Busan Port in order to get technical support from Korean port for their own port development. Peel Port is now planning to develop as one of the one of the most efficient and modern terminals in Northern Europe. Busan Port Authority is a world leader in the port technology sector.

 

Reference : http://www.dredgingtoday.com/2013/11/15/uk-peel-ports-group-busan-port-authority-sign-co-operation-agreement/

Hapag-Lloyd, CSAV in Potential Merger Talks

According to the report of Wall Street Journal,  Hapag-Lloyd, the sixth biggest container merchant in the world, has the big possibility to succeed in merger with Compania Sud Americana de Vapores of Chile. It will going to make the German container shipping leader the fifth in the world industry, passing by COSCO, the Chinese company. The Chilean peer CSAV has suffered from financial loss for recent years and the merger is expected to be beneficial for the future of both companies.

Reference : http://online.wsj.com/news/articles/SB10001424052702304096104579239553042199852

Incheon Port ready to handle 10,000-TEU ships by end of next year

Incheon Port of South Korea is now getting developed as the port decided to expand its facility from several years ago. Incheon Port is now preparing to handle 10,000 TEU ships by building the new port called "Incheon Shin-Hang (New port)" This should be attracting demands for big TEU container ships to South Korea rather than Chinese port competitors. 

 

 

Reference : http://www.seanews.com.tr/article/TURSHIP/PORTS/115638/