Port Infrastructure: Are We Ready for Megaships?
Japanese and Korean Carriers to Merge
For a long time, much of the conversation has been on how megaships are ‘coming’ but, in truth, they’re actually here now so are we ready for them? In years gone by, we were impressed by cargo ships’ ability to carry up to 5,000 shipping containers. Suddenly, they now hold 18,000 and many port infrastructure […]
The Future of US Shipping with No Flag Bearer
Recently, we discussed how US and European shipping companies were being forced to merge or accept takeovers in order to survive. However, it seems as though these types of changes are happening all over the world with many Japanese and Korean carriers discussing the same sort of deals. Hyundai Merchant Marine, the largest carrier in […]
Cosco acquires OOCL, Steamship Line Consolidations Continue: Who’s Next?
With American President Lines holding the flag for the US for such a long time, they ensured that the future of US shipping had a name on the global stage of shipping. Throughout history, the US didn’t play much of a role with the UK, Dutch, and various other European countries taking center stage when […]
In case you haven’t heard, the worst-kept secret in the shipping industry has now been confirmed, Cosco acquires OOCL, Cosco paying $6.3 billion for Orient Overseas International Ltd (OOIL) – owners of OOCL, the seventh-largest shipping company in the world. Based in China, Cosco has been an industry leader for some time and this agreement […]