Ocean Alliance: CMA-CGM to reshuffle its Asia-Middle East services (New CIMEX 1)

CMA CGM has announced the reshuffling of its Middle East services as from the end of July 2018, with an upgraded NEW CIMEX 1 service. The Ocean Alliance Day Two Product will offer in total 4 loops between the Far East and the Middle East ports with competitive transit time. CIMEX 1 and CIMEX …

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COSCO+OOCL – the birth of a new market leader

COSCO Shipping Holdings, along with Shanghai International Port Group (SIPG), has decided to acquire Orient Overseas Container Line (OOCL), the shipping unit of Orient Overseas International Line (OOIL), for $6.3 billion. This acquisition would propel Cosco to the spot of world’s third-biggest container carrier after Maersk Line and Mediterranean Shipping …

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