The European Union competition watchdog said a trustee will monitor both companies to ensure there is no information sharing between the Ocean3 and G6 ocean carrier alliances, of which CMA CGM and Neptune Orient Lines subsidiary APL are currently members.
The S.C. Ports Authority banks on profit-making strategy to finance infrastructure at Charleston and elsewhere.
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Sluggish global trade and the recession in China resulted in a nearly non-existent peak shipping last year, and from the looks of things 2016 isn’t shaping up to be much better, according to the latest World Liner Supply Report from BlueWater Reporting.
Federal Maritime Commission Mario Cordero said Wednesday the agency has not yet received a formal filing by the container carriers that plan to establish the new OCEAN Alliance.
Commercial practices for certifying the weight of ocean containers can be developed in a straight forward way, with few exceptions, according to officials from trade groups that bear ultimate responsibility for enforcement of the IMO rule.