Tag: THE Alliance

THE Alliance’s network has been reconfigured to ensure the most comprehensive port coverage to maximise the satisfaction of the member lines’ customers.

The three global ocean carrier alliances - 2M, OCEAN, and THE - as well as each of their member companies will now be required to provide enhanced pricing and capacity information, providing the US Federal Maritime Commission (FMC) with uniform data to use in assessing ocean carrier behavior and marketplace competitiveness.

Hapag-Lloyd recently announced its collaboration with the 2M Alliance members, Maersk and Mediterranean Shipping Company (MSC). Specifically, companies signed a space charter agreement which will further allow Hapag-Lloyd's entrance into selected services of 2M on the Asia-North Europe trade.

With Hyundai Merchant Marine (HMM) entering THE Alliance as a new full member, an expanded service network for 2020 is welcoming the South Korean shipping company. Specifically, THE Alliance members are planning to reshuffle their Asia-North Europe and Asia-Mediterranean networks in preparation for HMM.

Hyundai Merchant Marine (HMM) will be the fourth member, besides Hapag-Lloyd, Ocean Network Express (ONE) and Yang Ming, to join THE Alliance. The members of THE Alliance have also decided to establish a new cooperation with four members and a term until 2030. The actions were agreed in Taipei on 19 June 2019. The new contract between the four lines will begin on 1 April 2020.

Announcing the details of their revamped service network for 2019, THE Alliance, comprising Hapag-Lloyd, K Line, MOL, NYK, and Yang Ming, said it will cover 76 ports in Asia, Europe including Mediterranean, North and Central America, the Middle East, Red Sea and Indian Subcontinent, with the deployment of over 249 efficient container ships.

THE Alliance, comprising the Japanese venture ONE, German Hapag-Lloyd, and Chinese Yang Ming, will cooperate with members of The Ocean Alliance, China Cosco Shipping, French giant CMA CGM, and Chinese OOCL, to enhance their Mediterranean-US East Coast service AL6 (Atlantic 6).

Germany-based shipping company Hapag-Lloyd announced that it completed the integration of United Arab Shipping Company into the Group, six months after the merger process started. With a fleet of 215 modern container ships, Hapag-Lloyd is now the fifth-largest liner shipping company in the world.

In response of last year's bankruptcy of Hanjin Shipping, THE Alliance Agreement is establishing a USD 50 million contingency fund that can be used to help member carriers manage through, and recover from, the insolvency or financial distress of a participating line.

Xeneta issued a survey on the competence between big shipping alliances and smaller lines, stating that, in the current economic conditions, there aren't many shipping lines that can operate entirely on their own, as they cannot provide the required coverage all by themselves, so they enter shipping alliances. However, there must be ways that smaller lines can also offer value.