Maritime ExecutiveMore from Maritime ExecutiveAll LogisticsA New, Parallel Suez Canal? Egypt's Army Says It's a Go.Egypt said on Tuesday it plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multibillion-dollar project to expand trade along the fastest shipping route between Europe and Asia.August 8, 2014All LogisticsOcean Carriers Are Hardly Finished Trying to Form AlliancesOcean carriers are clearly not yet done with mega-alliance expansion following China's rejection of P3.July 24, 2014All LogisticsIncrease Is Urged in Asia-to-U.S. Container Shipping RatesContainer shipping companies were urged to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) with effect from Aug. 1, their organization TSA said on Wednesday.July 21, 2014All LogisticsMaersk, MSC Go Back to Drawing Board and Devise New Collaborative AllianceMaersk and MSC have reacted to China's objections to the proposed P3 alliance by coming up with a new vessel sharing arrangement called 2M that they hope will be agreed by all regulatory authorities before the beginning of next year. Out has gone CMA CGM, in order to bring the agreement's market share down to more acceptable levels, and in has come a much simpler joint coordination committee to monitor the carriers' network on a daily basis.July 17, 2014All LogisticsNicaragua Votes for Inter-ocean Canal to Compete with PanamaA Nicaraguan committee approved a proposed route on Monday for a $40bn shipping channel across the Central American country that would compete with the Panama Canal.July 11, 2014All LogisticsCutting Costs Is Top Goal for Container Industry as Rates Continue FallingDrewry's 2Q14 Container Forecaster highlights that there is a widening gap between the positive financials of the few carriers really focused on cutting costs and the rest of the top 20 lines, as they battle with the pressure of falling freight rates.July 8, 2014All LogisticsNow That China Has Torpedoed P3 Alliance, Where Do Maersk, MSC and CMA CGM Go From Here?China's regulators have blocked the P3 mega-alliance between Maersk, MSC and CMA CGM on the grounds that it infringes the country's competition laws between Asia and Europe, particularly with respect to the lines' combined market share of 46.7 percent. The law enforcers appear to believe that the cost reductions gained by the P3 carriers would either have been offset by this unacceptably high risk of market concentration, or would not have been passed back to shippers satisfactorily. Where to now?June 26, 2014All LogisticsTraditional 40-Foot Ocean Shipping Containers Give Way to High CubesHigh cube 40-foot containers are stealing a march on traditional 40-foot equipment and by the end of 2013 represented just short of 50 percent of the maritime container fleet, according to Drewry's recently published Container Census report.June 23, 2014All LogisticsChina Dashes Lines' Hopes for P3 Vessel Sharing Agreement in East-West TradesThe Chinese Ministry of Commerce announced that they have not approved the P3 Network, a long-term operational vessel sharing agreement proposed by MSC, CMA CGM and Maersk Line. The MOFCOM's decision follows a review under China's merger control rules.June 20, 2014All LogisticsFederal Agencies' Focus on U.S. Port Cybersecurity 'Limited', GAO SaysActions taken by the Department of Homeland Security and two of its component agencies, the U.S. Coast Guard and Federal Emergency Management Agency, as well as other federal agencies, to address cybersecurity in the maritime port environment have been limited, according to the U.S. Government Accountability Office.June 12, 2014Previous PagePage 29 of 40Next Page
