News and insight for North America's fresh produce buyers By Luisa Cheshire Friday 13th May 2016, 12:44 GMT Hapag-Lloyd forms new shipping group Germany's Hapag-Lloyd and five Asian shipping lines are forming a new vessel- sharing alliance, called The Alliance apag-Lloyd AG, Germany’s top cent of the world’s container shipping fleet state-controlled groups, China Ocean H container shipping line, and five with more than 620 vessels and a combined Shipping Group and China Shipping Group, Asian carriers will form a new capacity of 3.5m standard twenty-foot Bloomberg said. vessel-sharing alliance to take on bigger containers, or TEU, according to the rivals amid a glut in capacity that’s statement. Nippon Yusen, Mitsui OSK and Hapag- depressed freight rates, reports Bloomberg. Lloyd are all currently part of the G6 Global shipping lines are regrouping to Alliance, which will cease to exist next year, The partners will include Japan’s Kawasaki compete more effectively against market while Hanjin Shipping, Kawasaki Kisen and Kisen Kaisha Ltd, Mitsui OSK Lines Ltd, leaders AP Moeller-Maersk A/S and Yang Ming belong to the CKHYE alliance Nippon Yusen KK, South Korea’s Hanjin Mediterranean Shipping Co that are allied that also includes Cosco Container Lines Shipping Co, and Taiwan’s Yang Ming under the 2M partnership, which controls Co and Evergreen Marine Corp Taiwan Ltd. Marine Transport Corp, the Hamburg-based 28 per cent of the market, according to company said in a statement. Alphaliner. Called ‘The Alliance,’ it will control 18 per They also have to contend with Chinese operators as the government consolidated operations of two major http://www.fruitnet.com/americafruit/article/1474/parts-of-san-diego-quarantined-as-psyllid-count-mounts © Copyright Market Intelligence Ltd - Fruitnet.com 2014. The copyright on this article and all content published on Market Intelligence Ltd - Fruitnet.com is held by Market Intelligence Ltd - Fruitnet.com Limited, a joint venture between Market Intelligence Limited and Dr Rolf M Wolf Media GmbH. All rights reserved. Neither this article nor any part of it may be reproduced, stored or transmitted in any form, including print- outs, screen grabs and information retrieval systems, without the prior permission of the copyright owners..