World News
US OKs Hanjin, UASC, CMA CGM, CSL Vessel Sharing Agreement
U.S. Commissioner William P. Doyle today in an emailed statement announced approval of a proposed vessel sharing alliance between Hanjin, UASC, CMA CGM, and CSCL.
"Today, I am voting to take no further action on the Hanjin/UASC/CMA CGM/CSL Vessel Sharing and Slot Charter Agreement. This agreement is scheduled to become effective on January 2, 2015," said Doyle.
The Commissioner noted that the new agreement was simply a minor extension to the Ocean Three Alliance of United Arab Shipping Company (UASC), CMA CGM, and China Shipping Container Lines (CSCL) that went into effect in October 2014.
"This Hanjin/UASC/CMA CGM/CSL Vessel Sharing and Slot Charter Agreement is basically the Ocean Three parties plus Hanjin Shipping Company. However, the actual service being deployed under this agreement is based on a 2009 agreement between UASC and Hanjin with some limited port and carrier adjustments," said Doyle.
CMA CGM had been looking for new alliance partners since the collapse of planned P3 alliance with Maersk Line and Mediterranean Shipping Co. (MSC).
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 522.50 | 7.00 | 612.50 | 7.50 |
| Rotterdam | 478.00 | 2.50 | 620.00 | 4.00 |
| Houston | 468.50 | 2.00 | 620.50 | 6.50 |
| Fujairah | 508.50 | 6.50 | 711.00 | 5.00 |
| Global 20 Ports Average | 536.50 | 3.50 | 712.50 | 1.50 |
| Global 4 Ports Average | 494.50 | 4.50 | 641.00 | 6.00 |
| Global Average Bunker Price | 571.00 | 2.00 | 758.50 | 2.50 |
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