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Global Shipowner Alliance

CMA CGM hailed “a hero” for its surprise move

CMA CGM

1 of the 8 mega shipowners under FMC’s inquiry stops spot rate hikes 8 shipowners under FMC’s scrutiny, 2 challenged the allegations. 1 decided to place client relationships above revenue, and cease all spot rate increases. Client relationships above revenue? In a surprising move, 1 shipowner under FMC’s investigation announced …

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Eight carriers to face prosecution over exorbitant loadings

Maritime

An inquiry launched after hordes of complaints about improper surcharges Under intense scrutiny Eight shipping heavyweights are now taken to task over their absurd surcharges imposed on consignments, by furnishing details to the Federal Maritime Commission’s (FMC) Bureau of Enforcement (BoE). The companies contacted are CMA CGM, Hapag-Lloyd, HMM, Matson, …

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Discontent from cargo owners get Federal Maritime Commission’s (FMC) attention

All the atrocities stemming from port congestions and discontent may finally get straightened up Though it is a standard practice, ethical or otherwise, there were enough noise and discontent to get the FMC to explore possible deterrents. On the flip side, it can be assumed the US market is a …

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Under-utilised mega vessels attributed to past smooth voyages

mega

Mega box ships having mishaps are now blamed for their full loads The recent string of maritime mishaps resulting in loss shipments are now attributed to not vessels being overloaded. It is instead “fully-loaded”. Weather conditions and human error are just accessories to the saga. An unsettling hypothesis Ever since …

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Korea’s mission to rejuvenate its shipping industry stalled

korea

23 operators’ slapped with price-fixing penalties was one major factor Several ship operators were concurrently taken to task for fixing rates, much to the Korea Shipowners’ Association’s (KSA) discontent. The price hikes’ taking place almost simultaneously was the giveaway. Suspicions after collective price hikes The Korea Fair Trade Commission’s (KFTC) …

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Liannex Corporation expands coverage with Marine Online’s GSA network

Liannex

Singapore-established Liannex Corporation recently signed on to be part of Marine Online’s GSA network. Founded in 1993, the company’s standing in the shipping industry is prominent for its full suite of supply chain management services. Apart from trading its commodities including coal, cement, and sand, Liannex Corporation commands a considerable …

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