• Shippers cast doubt on carrier online initiative The news that Maersk has launched a container booking system with Alibaba has left some shippers unimpressed, saying that freight forwarders and consolidators can provide a broader range of services and are more cost effective than the carriers. This was the reaction from Sunny Ho, Executive Director of the Hong Kong Shippers’ Council to the […] Fwd News 0 Comments January 31, 2017
  • 2016 in Review: A year of change for shipping lines With an unprecedented number of mergers and acquisitions and one bankruptcy, it was a year of considerable change for liner shipping. As the industry had been placing orders for, and spending billions of dollars on, massive, state-of-the-art containerships, they ultimately had to sell container slots from Asia to Europe for shockingly low prices. As carryover […] Fwd News 0 Comments January 31, 2017
  • Container shipping faces year of consolidation Sunny Ho, Hong Kong Shippers’ Council Executive Director says that mergers are ‘unavoidable’ and that reduced capacity will provide long-term benefits to carriers. With falling freight rates and too many vessels for too few goods, the long awaited consolidation in the container shipping sector is under way with the proposed acquisition by CMA CGM of […] Fwd News 0 Comments January 19, 2016