Activity fell in Malaysia and Taiwan, a sign the U.S.-China trade conflict's impact on the rest of Asia was broadening.
According to the Ship & Bunker news http://shipandbunker.com/news/world/322234-new-container-carrier-alliance-the-alliance-announced in 2016, the initial members of THE Alliance are Mitsui O.S.K. Lines (MOL), Nippon Yusen Kabushiki Kaisha (NYK), Kawasaki Kisen Kaisha Ltd. (K Line), Hanjin Shipping Co. (Hanjin), Hapag-Lloyd AG (Hapag-Lloyd), and Yang Ming Marine Transport Corp. (Yang Ming), with more expected to join at a later date.
It combines approximately 3.5 million TEU or 18% share of the global container fleet capacity," said MOL, adding that the companies operate a total of more than 620 ships.
The new group's control of 18% of the world's container capacity, will be competing against 2M's 27.9% share and Ocean Alliance's 23.3%, according to consolidated data from Alphaliner.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
