Global Shipowner Alliance

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 …

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, …

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 …

It is now clearer why Thailand decided to start its own carrier In a statement, the Thai National Shippers‘ Council (TNSC) expects the nation’s exports to rise above 7 per cent in Q3 21 from a year earlier and 6 per cent in the Q4 21 – supported by higher global demand and …

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 …

China is certainly becoming a maritime heavyweight Anyone who used to belittle China’s coming would have to concede now. It can build, manufacture, inoculate and deploy. Matter of time, world trade becomes contingent on the republic. Rather, the question is ‘how soon?’ Its grand entrance Manufacturers who earlier gave up …

South Korean carrier HMM did not lose bookings, but its IT security needs work One cannot stress enough the impact of COVID-19, which transformed business operations and accelerated digital adoption. However, this change created another potential pandemic – cybersecurity breaches. HMM was a near casualty for its apparent failure to …

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) …

COVID-19 is likely a permanent fixture, we need to keep up with its mutation like the flu World economies suffered more than enough battering from COVID-19. Everyone is drained just by keeping up with the mutation through vaccination rollouts. The world has somehow adopted a resigned mindset to it. Vaccination …

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 …