Gemini cooperation Archives - The Loadstar

‘Strong’ Q3 for Maersk as it prepares for alliance launch – but no bid for GXO

Alex Lennane — Thu, 31 Oct 2024 13:31:07 +0000

Maersk has ruled out bidding for GXO, as it revealed strong Q3 earnings this morning. It also predicted little to no disruption for customers as it rolls out the Gemini network next year.
The group finished the quarter (see charts below for more detail) with ebitda of $4.8bn and ebit of $3.3bn, “which on a year-to-date basis, puts us more or less on the same level as last year”, said CEO ...

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Gemini warns of ‘meltdown’ when Suez reopens

Charlotte Goldstone — Thu, 10 Oct 2024 10:51:17 +0000

Maersk has warned of an “operational meltdown” when carriers are able to use the Suez Canal again.
The Danish liner, along with Hapag-Lloyd, announced their hub-and-spoke Gemini Cooperation services would go round the Cape of Good Hope instead of the still-volatile Red Sea.
Maersk told customers yesterday: “After thorough consideration, and given the continued safety concerns in the Red Sea, Hapag-Lloyd and Maersk confirm they expect to phase-in their Cape of Good ...

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Gemini’s outdated hub-and spoke strategy will prove ‘ineffective’

Martina Li in Taiwan — Mon, 30 Sep 2024 11:34:15 +0000

Gemini Cooperation’s “hub and spoke” strategy was predicted to be “ineffective” by speakers at the Busan International Port Conference in South Korea last week.
The Gemini tie-up between Maersk Line and Hapag-Lloyd will launch operations in February 2025.
Among the container shipping alliances, Gemini Cooperation is offering the fewest Asia-Europe services and is skipping various ports, opting instead to use dedicated shuttle services to tranship goods to certain ports, such as Busan.
Linerlytica ...

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My recipe for success: how Gemini can win the alliance race

Mike Wackett — Mon, 30 Sep 2024 11:32:13 +0000

The Maersk and Hapag-Lloyd sales reps will be out in the field in force over the coming months, visiting their key account customers ahead of the transition to the Gemini Cooperation alliance early next year.
The importance of these face-to-face contacts cannot be over emphasised: shippers remain sceptical about the hub-and-spoke transhipment concept of the new vessel-sharing agreement (VSA) and will want to be reassured that the Gemini partners have all ...

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Adding UK port as first call will see Asia-Europe liners save on ETS fees

Charlie Bartlett technology editor — Fri, 27 Sep 2024 11:56:24 +0000

Research from analyst Sea Intelligence has found that next year, Asia-North Europe services with a first port of call outside the EU – most often the UK – will allow carriers to sidestep much of their EU Emissions Trading System (ETS) obligation, with MSC potentially enjoying a saving of 47%.
UK ports are emerging as winners in the wake of ETS market distortion, with carriers adding a call at Southampton, Liverpool ...

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Maersk vs MSC – shenanigans in Aarhus?

Gavin van Marle — Thu, 19 Sep 2024 10:40:51 +0000

Is there something rotten in the state of Denmark?
September has obviously become Premium’s Shakespeare month: last week it was the surreal resemblance that ILA president Harold Daggett bears to King Lear; today we turn to Hamlet, and the possibility of the Danish port of Aarhus becoming the new stage for Maersk and MSC to resume their rivalry.
Reports from Denmark suggest that MSC has entered into talks with Aarhus port authority, ...

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Singapore to gain six Asia-North Europe calls in alliance reshuffle

Gavin van Marle — Wed, 18 Sep 2024 12:13:47 +0000

Singapore, the world’s largest transhipment hub, has emerged as one of the clear winners in the forthcoming alliance reshuffle, new analysis from Alphaliner today shows.
With the February deadline for the new alliance structure to begin – with the three main groupings of the Ocean Alliance, THE Alliance and 2M partnership scheduled to reform into the Gemini Cooperation, Premier Alliance, standalone MSC and an unchanged Ocean Alliance – analysis of the ...

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Alliance reshuffles could pave the way for new rate war on ex-India trades

Angelo Mathais India correspondent — Fri, 13 Sep 2024 11:20:57 +0000

For westbound container trades out of India, the potential effects of extra capacity coming from new container shipping alliances could reverberate with greater commercial impact on North/West India-North Europe routes, as competition heightens, local market pundits believe.
But it all boils down to one critical question – are there enough vessels available for alliance members to provide scheduled weekly rotations as the longer transits around the Cape of Good Hope continue?
MSC and ...

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FMC approves Gemini Cooperation despite anti-competitive ‘concerns’

Alex Lennane — Tue, 10 Sep 2024 12:17:21 +0000

The Federal Maritime Commission (FMC) has admitted to “questions and concerns” over whether the Maersk and Hapag-Lloyd Gemini Cooperation will have anti-competitive consequences.
Following a statement saying the FMC had reviewed the cooperation agreement, “within the statutory timeframe” and had decided not to seek an injunction against the deal – the only tool at its disposal – FMC chairman Daniel Maffei put out another statement.
“The Gemini Cooperation Agreement will take effect ...

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Ocean topography – container alliance landscape takes shape

Gavin van Marle — Tue, 10 Sep 2024 12:09:08 +0000

With the announcement yesterday, 9 September, that the remaining THE Alliance members – Yang Ming, HMM and ONE – have renewed the grouping and rebranded it the Premier Alliance (a far better name, by the way) for a five-year period, shippers and forwarders can at least count on one aspect of the industry remaining stable for the best part of the remainder of the decade.
In fact
A shake-up of the respective ...

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