Shipping
S&P: Liner shipping contributes US$1.1T to U.S. GDP
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
Frontloading continued to drive volume growth at the Port of Long Beach
Yang Ming plans regional route expansion amid evolving trade tensions
Malaysia's Sin-Kung Logistics eyes air cargo with Prima Air acqusition
Tianjin Port eyes increased container throughput to 35M TEUs by 2035
ILA-USMX officially sign six-year port contract through 2030
U.S. tariffs to accelerate relocation of factories to South, Southeast Asia
Singapore launches new standard on methanol bunkering
MOL strengthens chemical logistics business with new acquisition
MOL launches 1st onshore supply of green hydrogen produced at sea
DP World and Mawani inaugurate US$800M terminal in Jeddah
CMA CGM to invest US$1B for new Chicago air cargo hub
Trump halts Canada, Mexico tariffs again for another month
Trump unveils plans for new office of shipbuilding
CK Hutchison sells int'l ports business to BlackRock, MSC for US$22.8B
CMA CGM's first dual-fuel methanol vessel makes maiden call at Singapore
Alibaba, Maersk partner on container shipping services
MOL joins e-methane alliance e-NG Coalition
Freight pricing, contracts become more fluid
Port of New York and New Jersey records third busiest January ever
Viasea Shipping relaunches London Thamesport service
Sea-Intel notes volume shift from East to West Coast in H2 2024
Port of Savannah receives largest capacity vessel in its history
ILA ratifies new labour contract at US East, Gulf Coast ports
Sea-Intel: 2024 global schedule reliability trend continuing in 2025
Savannah tagged as fastest growing port on the U.S. East Coast
ICTSI's MCT increases renewable energy utilization
DCSA releases final versions of Booking 2.0, Bill of Lading 3.0 standards
Port Klang launches Kale's Malaysia Maritime Single Window
Port of Hamburg reports growth in container throughput, rail transport
Port of Salalah invests US$300M to meet new Gemini Cooperation needs
ONE adopts DCSA eBL standards using GSBN blockchain
Asia-Europe demand to drop once supply chains return to normal
SC Ports welcomes largest vessel to call Port of Charleston
ONE, Yusen Logistics partner on sustainable shipping solutions
Panama Canal transits start to rebound after drought year
Evergreen orders 11 mega-size containerships worth US$3.2B
PSA Ventures, NIDLP partner on port automation, sustainability
DP World Sokhna handles inaugural vehicle export
ONE names first owned and operated newbuilding container vessel
ABS chief pitches nuclear power to decarbonise shipping
Kuehne+Nagel, Acer Europe partner to decarbonise sea shipments
DP World says first phase of US$80M Sokhna Logistics Park 65% complete
DHL: Multi-shoring beyond “China Plus 1” on the rise
Regional container trade imbalances increase 33%
Yang Ming enhances JKX service with Haiphong extension
Singapore, Indonesia extends human resources development partnership
Shipping organisations increasingly concerned about seafarer safety
Ocean Alliance remains as largest shipping alliance amid recent shifts
Transits through the Panama Canal down 10%
ONE, LX Pantos announce intermodal transport joint venture
Port of New York and New Jersey records third-busiest year ever in 2024
US COMMISSION HALTS PROGRESS OF GEMINI ALLIANCE
July 12, 2024

The US Federal Maritime Commission (FMC) has requested additional information regarding the Gemini Alliance agreement between Maersk and Hapag-Lloyd, which was scheduled to take effect on July 15.

 

The request comes as FMC raised  "potential competitive impacts of the arrangement" between two of the world's top five ocean carriers.

 

Maersk and Hapag-Lloyd filed the Gemini Cooperation Agreement with the FMC on May 31, 2024.

 

The Gemini Cooperation Agreement would have gone into effect on July 15, 2024, absent this action by the Commission.

 

"A global operational alliance between two of the world's largest container shipping companies will not go into effect next week because more information is needed by the Federal Maritime Commission to determine the potential competitive impacts of the arrangement," FMC said in a statement.

 

It added that the agreement would allow these companies to share vessels in the trades between the United States and Asia, the Middle East, and Europe. 

 

"Agreements become effective 45 days after filing unless the Commission issues a Request for Additional Information (RFAI) as it is doing here," FMC added.

 

It noted that the Commission uses the RFAI process to identify and achieve clarity on matters that were not addressed by the filing parties or where insufficient information was provided in the originally filed agreement.

 

"The Commission has determined that the Gemini Cooperation Agreement as submitted lacks sufficient detail to allow for a complete analysis of its potential competitive impacts," FMC said.

 

It added that information sought as part of an RFAI is "commercially sensitive and is not publicly published."

 

"Re-consideration of the agreement will not commence until the Commission has received a fully compliant response to its inquiry," the independent federal agency responsible for regulating the US international ocean transportation system for the benefit of US exporters, importers, and the US consumer, added.

 

The Commission noted that it has 45 days from when it determines responses to the RFAI are deemed complete to review the agreement for competitive and legal concerns before it becomes effective.     

 

"A 15-day public comment period will open once public notice of the RFAI is published in the Federal Register next week," FMC said.