Japan’s Prime Minister Shinzo Abe is in the midst of an economic reset.
Global trade is entering uncertain times. A new industrial age is afoot and there is a question of whether we’ll stumble.
“It was the Law of the Sea, they said. Civilization ends at the waterline. Beyond that, we all enter the food chain, and not always on top.” Hunter S. Thompson, Generation of Swine: Tales of Shame and Degradation in the ‘80s.
On 22nd of December, 2016, Maersk, arguably the world’s largest ocean containership carrier (the argument coming from similar-sized 2M alliance partner MSC [Mediterranean Shipping Company]), began offering Chinese shippers the option of using Alibaba’s (arguably the world’s largest retail commerce company in gross revenue terms) OneTouch system. This move could well be as revolutionary as Malcom McLean’s launch of the containership industry just over sixty years ago.
Steve Vickers, the CEO of the Hong Kong-based consultancy company, has a hard-earned reputation for being one of the keenest observers of political and economic developments in the region.
Everything old is new again.
The 2M Alliance, composed of the two largest containership operators, Maersk and MSC (Mediterranean Shipping Corporation) reportedly announced today it will not admit Hyundai Merchant Marine (HMM) as a full partner in the agreement but will explore other options such as slot exchange or purchase agreement.
Bulk and breakbulk cargos are paramount to the Port of Amsterdam maintaining its position as one of Europe’s leading hubs. With the new locks due to open in 2019, and an innovative approach, the port looks to be on course.
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