A global operational alliance between two of the world’s largest container shipping companies will not go into effect next week as planned following a move by the U.S. Federal Maritime Commission to study the potential competitive impacts of the arrangement.The FMC said on Friday it is seeking more information to determine the potential competitive impacts of the proposed Gemini Cooperation
DP World Southampton has welcomed the arrival of MV Leonidio, the first ship to dock to the port under the Gemini Cooperation agreement, set up by Hapag-Lloyd and Maersk. The MV Leonidio docked at the Southampton logistics hub on February 3 as part of its first rotation on the Gemini Transatlantic AL1/AT3 service.
On February 1, Maersk A/S (Maersk), an entity under A.P. Moller - Maersk, and Hapag-Lloyd AG (Hapag-Lloyd) launch their operational collaboration Gemini Cooperation. The ambition is to deliver a flexible and interconnected ocean network with industry-leading schedule reliability above 90 percent once fully phased in.
With the upcoming dissolution of the 2M Alliance in early 2025, JAXPORT is maintaining and growing its global container services through strategic partnerships with the world's top ocean carriers. New and modified service routes through JAXPORT will provide expanded global connectivity and access to new and emerging markets.Three primary changes are taking place beginning in February 2025.
The US Federal Maritime Commission (FMC) has announced that the Premier Alliance Agreement (No. 201435) can take effect on February 9, 2025.The Premier Alliance is replacing THE Alliance, but does not include Hapag-Lloyd which instead entered the Gemini Cooperation with Maersk.The new arrangement allows Hyundai Merchant Marine (HMM)
Container shipping liner Hapag-Lloyd will be able to cope with the advent of U.S. tariffs on Chinese products, its chief executive told reporters on Tuesday."It is too early to push the panic button," CEO Rolf Habben Jansen said in the remarks published on Wednesday, when additional 10% tariffs kicked in, and made before U.S.
Hapag-Lloyd expects lower profitability in the fourth quarter but still at a "good level", after freight rates peaked in the third quarter, Rolf Habben Jansen, the CEO of the German shipping company, said at a press conference on Monday.Habben Jansen also expects disruptions in the Red Sea linked to Houthi militants to continue well into 2025, meaning that rerouting around Africa would continue.
Container shipping firm Hapag-Lloyd and sector peer Maersk expect to open bookings in two weeks for their new Gemini cooperation starting in Feb. 2025, Hapag chief executive Rolf Habben Jansen said in a call with analysts on Thursday."We will take bookings in early December and have 10 weeks to go for start of operations," he said on a presentation for nine-months earnings.
The two people leading Hapag-Lloyd and Maersk into the new Gemini Cooperation spoke at the Xeneta Summit in Amsterdam last week expressing confidence in the new alliance achieving its ambition of 90% service reliability.The Gemini Cooperation will begin operating on February 1 next year, with a new hub and spoke approach of mainliner and transshipment services designed to increase reliability.
Esgian provides an update on new contract awards for floating rigs in its Week 37 Rig Analytics Market Roundup.Report SummaryContractsTransocean Ltd. has secured a 365-day contract for the 12,000-ft drillship Deepwater Atlas with bp in the US GOM.Norwegian operator Aker BP has extended the contract for Saipem’s 10,000-ft semisub Scarabeo 8 in Norway.
Maersk and Hapag-Lloyd could add more container vessels to an alliance announced earlier this year if shipping disruptions in the Red Sea continue, the companies said on Tuesday.Attacks in the Red Sea by Iran-aligned Houthi militants have since late last year forced shipping companies to reroute traffic away from the Suez Canal and instead sail around Africa
In February 2025, Maersk and Hapag-Lloyd will launch their Gemini Cooperation aimed at delivering a flexible and interconnected ocean network with schedule reliability above 90% once fully phased in.The companies unveiled the concept in January 2024 and have been working on finalizing the details of a joint ocean freight network on East-West trades.