Shipping
Tariffs put brake on cargo volume growth at Port of Los Angeles
Tariffs put brake on cargo volume growth at Port of Los Angeles
MPA, NYK Group expand autonomous ship trials
PSA International joins Global Centre for Maritime Decarbonisation
Chengdu-Shenzhen-Hong Kong rail-sea service launches
Global schedule reliability continues to increase in 2025
Sea-Intel: Major ocean carriers profitability around US$5.9B in Q1 2024
Gebrüder Weiss expands into Thailand
DP World, VIMC Lines launch domestic coastal logistics service
Singapore, France ink enhanced maritime partnership agreement
CMA CGM launches first fully-electric container barge in Vietnam
MSC container ship sinks off India coast
Port of Savannah container trade up 17% in April
DP World to launch US$2.5B logistics infrastructure investment in 2025
Port of Long Beach sees record April, warns of sharp May drop amid tariff impact
Suez Canal introduces rebates to regain containership traffic
CMA CGM warns extended China-US tariffs could disrupt global trade
U.S. slashes ‘de minimis’ tariff on small China parcels to 30%
LA, Long Beach ports warn of continued tariff uncertainty
China-US deescalation may spur early peak season
Yang Ming: US-China trade deal may spur demand, but uncertainty persists
US-China tariff pause offers temporary relief, could fuel another frontloading rush
Transpacific shipping faces capacity cuts as trade war escalates
Houthi ceasefire raises prospect of container traffic returning to Red Sea
Kale Logistics to develop Oman's national port community system
PSA BDP takes majority stake in Mexico’s ED Forwarding
Xeneta: ‘Ships for America Act’ adds more uncertainty to container shipping market
JAFZA marks 40 years with record US$190B in trade
Seafrigo expands multi-modal services to support global expansion
US port fees to have minimal impact on Transpacific niche carriers
Port fo NY/NJ is busiest US port in March
S&P: Liner shipping contributes US$1.1T to U.S. GDP
deugro Thailand delivers critical reactors for sustainable fuel production
Emirates Shipping Line joins World Shipping Council
Japanese shipyards may benefit from US port fees on Chinese vessels
MOL opens office in Washington, D.C.
Red Sea disruptions push shipping carbon emissions to record high in 2024
Port of LA expects a double-digit volume decline in the second half amid tariffs
DP World sources 65% of its electricity from renewables in 2024
Hapag-Lloyd: 30% of China’s US-bound shipments canceled
Port of Antwerp-Bruges says impact of US tariffs minimal for now
COSCO says planned US port fees threaten shipping, global supply chains
Yang Ming extends lease at Kaohsiung Port, acquires new containers
Transpacific sees surge in blank sailings amid escalating tariffs
UNCTAD: Global economic growth may slow to 2.3% amid mounting pressures
Port of Long Beach becomes the busiest U.S. port in Q1
IMO approves net-zero regulations for global shipping
India ends transshipment facility for Bangladesh exports
US softens stance on proposed port fees for Chinese vessels
Adani’s Colombo Terminal commences operations
Gemini shuttles hit 98% schedule reliability in February
Airfreight demand from China, Hong Kong to the US declines as rates rise
ZIM signs long-term charter deals for 10 LNG-powered 11,500-TEU vessels
Georgia Ports’ container trade grew 22.5% in March
CMA CGM inks AI deal with Mistral AI
Port of New York and New Jersey reports second-busiest February
Maersk's APM Terminals acquires Panama Canal Railway Company
ICS: Proposed US port fees on Chinese vessels to severely disrupt supply chains
PSA looks ahead to strategic developments in 2025 after record-breaking 2024
Hapag-Lloyd makes Philippine inaugural at ICTSI Manila
Yang Ming acquires three methanol dual-fuel ready vessels
Maersk shares updates on upcoming US reciprocal tariff plan
ONE highlights need for adaptability in volatile markets
WorldACD: Global air cargo rates rise as post-NY market rebounds
Chinese shipbuilder unveils LNG dual-fuel vehicle carrier
SATS partners with Guangtai to innovate ground support technology
SC Port's Inland Port Greer expands capacity by 50%
Hong Kong exporters remain positive despite growing trade tensions
Singapore opens applications for methanol bunkering licence
Tariff turmoil persists, though ocean freight rates continue to decline
UN agencies express grave concern over increased satellite interference
Baltic Hub welcomes multiple new services
Port of Savannah achieves busiest February on record
UK freight association seeks solutions to uninsured cargo
Rotterdam, Singapore boost green, digital shipping partnership
MSC announces standalone East/West network
Singapore, India ink deal to boost maritime digitalisation, decarbonisation
World Shipping Council calls on the U.S. to drop its planned port fees
Port of NY/NJ secures landmark lease extension with APM Terminals
Container rates slip amid signs of overcapacity
SC Ports expands weekly services with new ocean carrier deployments
Port of LA reports continued growth in shipments for February
Sea-Intel: Major ocean carriers profitability around US$60B in 2024
Adhira Shipping and Logistics sees continued demand for Cape Size carriers
Matadi Gateway Terminal expands hybrid equipment fleet
MPA, CMA CGM sign MoU to boost sustainable shipping, digital innovation
China, Hong Kong raise concerns over Hutchison Ports deal
Houthis ban U.S. vessels from the Red Sea; Trump vows end to the aggression
Hapag-Lloyd's port arm buys stake in terminal operator in Le Havre
MOL makes major stride in developing ammonia-powered carrier
WorldACD: Flat markets slightly above last year's levels
ONE, HMM AND YANG MING FORM PREMIER ALLIANCE
September 9, 2024
Ocean Network Express (ONE), HMM (HMM) and Yang Ming Marine Transportation (Yang Ming) announced that they will continue to cooperate closely under the new alliance name Premier Alliance, effective for five years from February 2025.
The new alliance members said they will cooperate on mainline services across the major East - West Tradelines: Asia - North America West Coast, Asia - North America East Coast, Asia - Mediterranean, Asia - North Europe, and Asia - Middle East.
The new five-year container alliance has also already teamed up with MSC for a slot exchange agreement.
ONE, HMM, and Yang Ming are currently members of THE Alliance along with Hapag-Lloyd. The German line, however, announced its intention to depart the shipping alliance and start a new long-term operational collaboration with Maersk in February 2025 called "Gemini Cooperation."
Maersk and MSC announced the 2M alliance was also coming to an end.
"We are very pleased to announce that our strategic partnership with HMM and Yang Ming in the East-West trades will be further continued. The close network collaboration that exists between the three companies will be further strengthened and enhanced under this new collaboration starting from February 2025," said Jeremy Nixon, CEO of ONE, on the new collaboration and ONE's business outlook going forward.
"Collectively, this new tripartite alliance will offer strong, reliable and highly dependable end-to-end direct port container services to its customers on both the Transpacific and Asia-Europe trades," he added.
The 2025 Transpacific trade service products had been introduced earlier by ONE in March 2024.
The new alliance said that, in continuation of this announcement, a comprehensive update for all services for the major trade lanes will be announced separately.
The partners also announced that they would partner with MSC on the Asia—Europe trade with a slot exchange agreement across nine services as MSC establishes its plans to stand alone outside of the 2M alliance.
The new slot exchange cooperation will involve nine services, and through this, ONE aims to offer more extensive direct port coverage with frequent sailings in the Asia - North Europe and Mediterranean trade lanes.
"We are very pleased to announce this new strategic partnership with MSC, who is the leading carrier in the Asia - Europe trade. Collectively, the Premier Alliance and MSC will be able to offer a very capable and extensive network of end-to-end port services to its customers from February 2025," Nixon said.
"We look forward to this new cooperation with MSC and both collaborating on our respective joint operational expertise and combined network synergies," he added.
With the slot exchange cooperation with MSC, ONE noted that it will provide a broader range of networks to serve our valued customers.
"We are very pleased to continue alliance cooperation with ONE and Yang Ming, which has proven a long-standing partnership among three lines until now and well into the future," said Kyung Bae Kim, CEO of HMM.
HMM said it will continue to provide a wide coverage service to its customers, including HMM's independent services.
Dr Feng-Ming Tsai, chairman of Yang Ming, for his part, said: "The continuous collaboration with HMM and ONE not only reflects the deep trust and shared vision among the three companies within the industry but also underscores our unwavering commitment to delivering great value and broad coverage for our customers."
