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The Shipping Gazette Indonesia is one of the world's largest emerging economy. But then the most profitable partnerships always are.
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The continuous growth in trade and business development with foreign firms is presenting new opportunities for all business sectors.Together with a batch of media experts, we at Indonesia Shipping Gazette, the Shipping Magazine has created the standard for shipping information. Its debut marks a milestone on the road to improved international and regional shipping schedules and information flow, a

landmark pointing the way to high quality and reliable coverage of related shipping news, market information and shipping information. The related information have been presented in a bright and contemporary format that makes the contents more accessible and the whole magazine easier to read and most importantly keep you on top of regional shipping schedules as well as around the world. A fully developed digest will provide a concise information overview of the latest shipping news and schedules critical to facilitate important business decision. We are the only institution officially approved by the government to produce these valuable information. It's all designed to foster a long term relationship that brings the business community closer, simpler and ultimately more rewarding. R.Soeprapto
ISG GROUP FOUNDER & CHAIRMAN

06/03/2024

Japanese shipping giant MOL's subsidiary, MOL Chemical Tankers (MOLCT), acquired Singapore-US-based Fairfield Chemical Carriers (FCC) for $400 million. The deal, finalized on March 1st, 2024, creates one of the world's largest fleets of . This aligns with MOL's "BLUE ACTION 2035" plan and strengthens their position in the market. Both companies expect this merger to lead to further growth and enhanced services.
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05/03/2024

A new report by Sea-Intelligence reveals a concerning drop in global schedule reliability. January 2024 saw a 5.1% decline to 51.6%, the lowest since September 2022. This decline, attributed to the crisis, disrupts operations worldwide.

The crisis' impact is widespread, affecting over 60 across 34 trade routes. Delays are worsening, with the average late vessel arrival exceeding 6 days. Despite the challenges, CMA CGM emerged as the most reliable carrier with a 54.7% score.

However, the industry remains cautious. While assessed a potential stabilization in the Red Sea's south on February 29th, recent incidents like the attack on an vessel highlight ongoing volatility. Carriers like warn of disruptions extending into Q2 2024, emphasizing the need for resilience and adaptation. Collaborative efforts are crucial to navigate these challenges and restore sustained reliability in operations.

09/02/2024

Amid a challenging economic landscape, PT Pelabuhan Indonesia (Persero) experienced noteworthy growth in container throughput, marking a 3% annual increase to reach 17.7 million TEUs, alongside a 6% rise in cargo handled, totaling 170 million tons in 2023.

President Director Arif Suhartono attributed this positive trend to strategic post-merger initiatives. Moreover, there was a notable uptick in ship calls by 7% and a significant surge in passenger numbers by 20%.

The implementation of centralized management practices and the introduction of innovative applications such as Terminal Operating System (TOS) and Terminal Operating System (PTOS-M) have significantly enhanced operational efficiency.

The post-merger period witnessed remarkable improvements in loading and unloading activities, resulting in a substantial reduction of operating costs by over 30% at .

Ernest Montolalu, owner of Serakoy Raya forwarding based in Jayapura (Papua), highlighted how the Integrated Billing System (IBS) streamlines document processing for forwarders. He noted that it eliminates the need to queue at counters, enabling online processing. Additionally, IBS accelerates billing processes. Montolalu emphasized that IBS has reduced Truck Round Time (TRT) significantly; now, trucks spend only 15 minutes loading from terminals, enhancing overall efficiency.

The National Strategy for Corruption Prevention has recognized and commended Pelindo's commitment to digitalization, which has streamlined processes and bolstered efficiency in the loading and unloading operations. Looking ahead, Pelindo is poised to sustain its transformational journey, aiming to integrate industrial areas with ports to further enhance logistics efficiency and solidify its position as a pivotal gateway and traffic stimulator.

08/02/2024

In 2023, shipyards delivered a record-breaking 350 new container ships, totaling 2.2 million TEU (twenty-foot equivalent units), surpassing the previous record from 2015 when 1.7 million TEU was delivered. The surge in deliveries led to an 8% rise in the container fleet's capacity, marking the fastest growth since 2011. Ships larger than 15,000 TEU dominated deliveries, contributing to a 28% growth in that segment.

Looking ahead to 2024, a remarkable 478 with a combined capacity of 3.1 million TEU are scheduled for delivery, surpassing the 2023 record by 41%. Consequently, the container fleet capacity is expected to grow by 10% in 2024.

Another 83 ships larger than 15,000 TEU are expected to be delivered, doubling the segment's capacity in just four years.

Despite projections for increased ship recycling in 2024, the fleet could still grow by nearly 2.8 million TEU, potentially exceeding 30 million TEU for the first time by the end of 2024.

Chinese shipyards benefited most from the record high orders, delivering nearly 55% of all ship capacity during 2023 and 2024. In contrast, South Korean yards are expected to deliver 38% of the ship capacity.

In contrast to the remarkable growth in capacity, the container market grew only 0.2% year-on-year in 2023, reaching 173.8 million TEU. This growth significantly lags behind overall development, with the world economy growing 10% since 2019.

While the container industry experiences unprecedented growth in fleet capacity, challenges related to market growth, regional trade dynamics, and economic factors necessitate strategic planning and adaptation within the industry to achieve sustainable growth and stability.

07/02/2024

Terminal Teluk Lamong (TTL), a subsidiary of Pelindo Terminal Petikemas Sub Holding (SPTP), recently welcomed Meratus’ MV Meratus Cilegon, carrying 220 re**er containers from Taicang, China. These containers are part of Meratus’ expansion in cold chain services, enhancing at .

Top executives from and , including PT Pelindo President Director Arief Suhartono and Meratus CEO Farid Belbouab, joined the procession, highlighting the significance and collaborative efforts. Farid Belbouab emphasized Meratus' investment in re**er and , signaling commitment to innovative solutions.

Rima Novianti, Director of Strategy and Commercial at PT Pelindo Terminal , expressed support for Meratus' business development in the East Indonesia region. MV serves the Kalimantan region, addressing the demand for fresh food. Equipped with state-of-the-art systems, MV Meratus Cilegon streamlines processes, boosting productivity.

President Director of , David P. Sirait, congratulated Meratus on its investment, expressing readiness for collaboration. TTL is committed to optimizing service speed, contributing to Indonesian economy growth.

06/02/2024

Red Sea Shipping Disrupted: Houthi Attacks, Supply Chain Shifts, and Price Fluctuations

Recent developments along the trade route have brought significant disruptions to global , rates, and operations. Here's a breakdown of the key factors shaping this landscape:

Shippers on the Asia-North Europe route face extended transit times due to a strategic shift around Africa, bypassing the Suez Canal. Initially, surged, but recent weeks have seen a slight easing, though concerns about rate stability remain.

ports in North Europe manage delayed ships well, but hubs like Rotterdam face challenges due to intersecting port operations and exporters' cycles. Overall, port operations maintain stability with varying utilization levels.

Escalating Houthi attacks in the Red Sea region have led to a significant decline in shipping activity. Despite US-led airstrikes, attacks have increased, impacting commercial shipping and trade flows, highlighting complex security challenges.

The Red Sea is vital for Asia-Europe trade, and disruptions reverberate across global networks. Reduced ship usage, coupled with rising freight charges, may affect consumer goods prices and supply chains. Additionally, circumnavigating Africa instead of using the complicates logistics and trade dynamics.

05/02/2024

Hapag-Lloyd's Earnings Decline in 2023 Financial Year

-Lloyd , one of the leading global shipping companies, reported a significant decrease in earnings for the 2023 financial year, as expected.

Based on preliminary and unaudited figures, the Group's EBITDA amounted to USD 4.8 billion (EUR 4.5 billion), while the Group's EBIT experienced a year-on-year decrease, dropping to USD 2.7 billion (EUR 2.5 billion). This decline can largely be attributed to lower , which resulted from the normalization of global .

The company's revenues also saw a decrease, amounting to USD 19.4 billion (EUR 17.9 billion), primarily due to a lower average freight rate of 1,500 USD/TEU compared to 2022's rate of 2,863 USD/TEU. Despite this, volumes for the entire year of 2023 saw a slight increase of 0.5%, reaching 11.9 million TEU compared to 11.8 million in 2022.

However, the conflict in the had a negative impact on transport volumes towards the end of the year. Rerouting ships around the Cape of Good Hope led to extended voyage times, affecting overall transport operations.

Hapag-Lloyd is set to release its 2023 Annual Report containing audited financial figures and an outlook for the current financial year on 14 March 2024.

02/02/2024

Meratus, a pioneer in Indonesia's maritime and logistics industry, announces the strategic acquisition of PT ICTSI Jasa Prima Tbk (IJP), aiming to enhance connectivity and become a leading private integrated , logistic, and operator. This acquisition signifies a significant achievement in strengthening services, expecting a boost in port management efficiency across Meratus' network.

CEO Farid Belbouab emphasizes the strategic importance of the acquisition, foreseeing exceptional synergy with IJP's efficient port management.

Meratus operates two domestic terminals in Jakarta and Surabaya with a capacity of 1 million TEUs, showing a 13% throughput increase as of December 2023.

IJP's strategic location in , North Jakarta, with an 8.2-hectare area and a 600-meter wharf capacity, adds strategic value to the acquisition.

The integration with is expected to offer forefront solutions for Meratus' customers through business integration with logistics via and (CLC), enhancing competitiveness.

This milestone underscores Meratus' commitment to providing shipping and logistics connectivity through end-to-end technology-based services, addressing complex business challenges.

Through synergy with IJP, Terminal Nusantara is poised to realize vision of becoming the leading private integrated operator in Indonesia, serving shipping, logistic, and port operations, contributing to positive performance domestically and internationally.

29/01/2024

As of January 29, 2024, there are a total of 37 publicly traded companies listed in the Transportation & Logistics sector ( ) of the (Indonesia Stock Exchange - ).

Currently, the Transportation & Logistics Sector consists of four industries: Airlines, passenger marine transportation, passenger land transportation, and logistics & deliveries.

Of these, 10 are listed on the main board, 15 are listed on the development board, 3 are listed on the acceleration board, and 9 are listed on the special monitoring board.

The data for this article was collected from the IDX website on January 29, 2024

26/01/2024

The Drewry Container Port Throughput Indices monitor container volume changes at major global ports, utilizing monthly data from over 340 ports, representing 80% of global container traffic, with January 2019 as the baseline. Drewry's Nowcasting Model utilizes ship capacity and terminal loading/unloading times to forecast short-term port throughput.

In January 2024, global container port throughput rebounded in November 2023, rising 3.1% to 112.0 points, a 4.7% increase year-over-year. Asia experienced strong growth, while North America and Oceania saw slight declines. Predictions indicate a 6.3% drop in December to 105 points, still 0.7% higher than December 2022.

Greater China saw a 5.6% increase in November to 117.2 points, up 3.4% year-over-year, with a projected 7.4% drop in December to 108.5 points, still above December 2022.

North America experienced a 2.5% decrease in November to 104.2 points, up 1.9% year-over-year, with an expected 6.6% decline in December, but with an improved rolling 12-month average growth rate of -10.9%.

Europe had a 0.8% increase in November to 102.1 points, up 7.0% year-over-year, but is projected to drop 4.1% in December to 97.9 points.

Africa's index figure is based on a smaller sample size, requiring caution.

Important notes include partial data for November 2023, and December 2023 estimates from the Nowcasting Model, with both subject to revision.

25/01/2024

CMA CGM Group and Endangered Species International (ESI) renew their partnership to expand coral cover in the . The collaboration aims to restore 2.5 hectares of coral. The partnership targets three protected sites spanning Malaysia and the Philippines, combating threats like illegal fishing and pollution.

Efforts include coral reef health assessments, patrolling to deter destructive fishing, coral gardening, and removal of invasive species and plastics. coverage increased from 37% to 50% since 2021, with a goal of reaching 65% by 2025. 2.5 hectares of coral reef cover were restored, with 22 coral species recovered, including 15 on the Red List.

Marine species increased to 155, with frequent sightings of endangered species like green sea turtles, whale sharks, and dugongs. The partnership empowers 5,000 coastal children annually, engaging them in and conservation.

Laurent Olmeta, CEO of Asia Pacific Ltd, emphasizes advancing shared goals for sustainable coral reef . Pierre Fidenci, President, highlights the importance of coral reefs for biodiversity and human societies' future, underscoring the need for continued partnership to sustain conservation efforts.

17/01/2024

On January 16, Wan Hai Lines recently conducted a ship naming ceremony for the WAN HAI A13 at Samsung Heavy Industries Geoje shipyard. This , the seventh in a series of 13,100 TEU developed with Samsung Heavy Industries, is en route to for integration into Wan Hai Lines' Asia to East Coast of North America service.

The 335-meter-long, 51-meter-wide, and 16-meter-draft vessel with a maximum speed of 22 knots features advanced engines, environmentally friendly components like fully balanced twisted bulb rudders and pre-swirl fins, contributing to energy savings and fuel efficiency. These "Smart Ships" ensure secure and reliable maritime transportation services.

Additionally, Lines showcased corporate social responsibility by donating essential items to Tongyeong Shinaewon Green Narae, aligning with their guiding motto "We carry, we care." Six more vessels in this series are still under construction and delivery.

16/01/2024

The shipping industry grapples with ongoing disruptions in the Red Sea due to a security crisis, compelling vessels to avoid the major route. Instead, ships reroute around the , significantly extending travel time. Lasting almost four weeks, the disruption originates from Houthi militant threats. The US-led naval operation 'Prosperity Guardian' is yet to establish a safe corridor, impacting various sectors.

1. Forced Detours:
- Vessel crossings through the and the Red Sea dropped by 41% in the first week of January.
- 90% of container vessels, mainly carrying general cargo, changed course.
- Tanker journeys persist, but spot rates strain, and insurance premiums surge.

2. Container Rates and Market Dynamics:
- Asia-Europe container spot rates tripled, influencing a global doubling of spot rates.
- Quick rebound in rates, driven by disruptions and surcharges.
- Market balance less strained than the 2021 Suez Canal blockage, but the Red Sea disruption's duration determines long-term impact.

3. Impact on Shippers and Consumers:
- Rising shipping costs affect shippers, causing delays in consumer goods' arrival.
- Around 30% of globally traded consumer goods pass through the Suez route.
- Delays may lead to , impacting supply chains and posing challenges in meeting demand promptly.

Profitability of Container Liners
- profitability expected to recover in Q1 2024 due to higher rates, countering declines in 2022 and 2023.

5. Impact on Trade:
- Disruptions introduce inefficiencies and longer routes, but global trade unlikely to be derailed.
- Forecasted trade growth of 2.5% YoY in 2024, building on the low base of 2023.

In summary, the crisis creates widespread shipping disruptions, affecting trade routes, container rates, and . The crisis's duration and efforts to restore normal operations will determine its impact across sectors.

References: ING

15/01/2024

Gateway Container Line (GCL) Surabaya exhibited robust 2023 growth, maintaining dominance in East Java's export-import sector. Despite a slight dip in the province's export value, East Java stood as the third-largest contributor to national trade. .indonesia resilience was evident, marked by a 15% growth in shipments amid challenges like the Covid-19 impact.

The Surabaya branch, ranking second in corporate revenue after Jakarta, attributed growth to strong customer demand for and , mainly raw materials. Holding a 30% market share in the market, Gateway Surabaya solidified its leading position in .

Looking to 2024, Surabaya targets a 9% growth, capitalizing on positive 2023 trends and anticipating continuous East Java export growth. Despite a projected economic slowdown, Yusep Pujianto, the Branch Manager, emphasized the sector's potential, driven by contributions from transportation and warehousing. The company plans to expand domestically in and enhance digital capabilities for optimal customer experience.

Expanding domestically and internationally, Surabaya uses hubs in Singapore and Hong Kong, with a representative in Pusan, South Korea. Initiatives in the domestic market, including FCL, LTL, and LCL services, aim to establish Surabaya as the gateway hub for East Indonesia in 2024. Yusep highlighted the logistics sector's role in driving economic growth, emphasizing GCL Surabaya's commitment to for efficiency.

Responding to technological advancements, GCL Surabaya developed a web-based system for seamless communication, document processing, and real-time shipment tracking. Yusep expressed pride in the company's digital transformation, committed to refining systems in line with technological progress and strengthening human resources. The dedication to efficient and user-friendly digital services underscores GCL Surabaya's readiness for the evolving logistics sector. Access the complete story in ISG Edition Jan 2024

04/01/2024

In 2020-2021, the severely limited flight operations, causing a warehouse backlog. adapted by converting passenger cabins for cargo use and relied on for urgent deliveries. Soekarno-Hatta International Airport faced handling challenges during this period, benefiting select stakeholders in air logistics.

By 2022's end, a decline in goods volume signaled a recovery. In 2023, warehouses reported a significant drop in stored goods. PT Dharma Bandar Mandiri (DBM Warehouse a business unit of the PT Dharma Bandar Mandala ) responded by analyzing pre and post-pandemic movement. Director Bimo Ajie Setiady explained, “We strategized expansion to establish international and export-import warehouses, optimizing existing resources.”

DBM's expansion complied with national regulations, including aviation and storage laws. Their new international warehouse, spanning 2,655m^2, boasts a 3,500-ton capacity, set to handle 42 million kgs annually. Embracing technology, invested in digital systems like barcode scanning and mobile-accessible Warehouse Management. Bimo emphasized, “Our digital edge ensures cargo safety and operational efficiency.”

For the complete story, check out Cargo Times' November issue. Link in bio

02/01/2024

In 2023, PT Jakarta International Container Terminal (.indonesia) achieved a significant milestone, handling 2,124,002 twenty-foot equivalent units (TEUs). This marks a 5.8% rise from the 2,007,776 TEUs processed in the previous year.

JICT's dominance in the area was further highlighted by its 1,348 ship calls in 2023, confirming its position as the region's leading terminal.

This performance in 2023 is JICT's highest in five years, showing consistent growth since 2019: 2,085,691 TEUs in 2019, 1,085,319 TEUs in 2020, and 2,037,518 TEUs in 2021.

Experts credit JICT's growth to increased trust from its primary users, shipping firms, and cargo owners, who rely on its facilities.

To meet client demands, continually innovates. A recent upgrade, the N-Gen system, aimed to enhance efficiency in document handling and operations.

JICT's dedication to quality was reaffirmed with its ISO 22301:2019 BCMS certification from TUV Rheinland, making it Indonesia's first certified . This certification underscores JICT's commitment to excellence and customer trust.

Ade Hartono, PT JICT's President Director, highlighted the certification's importance, emphasizing the terminal's unwavering commitment to clients, especially during challenges.

In summary, JICT's 2023 achievements, combined with its innovative approach and global standards adherence, solidify its central role in the maritime sector, promising continued growth in the future.

01/01/2024

Breaking News

A tsunami warning was issued in Japan's Ishikawa prefecture following earthquakes with magnitudes up to 7.6. The Japan Meteorological Agency expanded the warning to Niigata and Toyama prefectures.

NHK TV alerted of potential 5-meter waves and advised immediate evacuation to higher ground. Initial reports mentioned tsunamis of 1.2 meters in Wajima and 40cm in Kashizawaki. While damage specifics weren't available, video footage showed rising waters in Ishikawa.

South Korea anticipated sea level rises in Gangwon. Over 36,000 homes faced power cuts.

Despite a nearby nuclear plant, no abnormalities were reported. Officials stressed continued vigilance and reminded of the 2011 disaster that claimed 18,000 lives in northeastern Japan.

Image credit:
Slide 1: A tsunami warning is shown on TV in Yokohama, near Tokyo, Japan, Jan. 1, 2024 after several powerful earthquakes struck west of the country's main island. EUGENE HOSHIKO/AP News

Slide 2:

Slide 3:
A star indicates the epicenter of an earthquake with a preliminary magnitude of 7.5 that struck northeast of Japan's main island on Jan. 1, 2024.U.S. GEOLOGICAL SURVEY

29/12/2023

TONUS (Terminal Operating System Nusantara), introduced at since December 11, 2023, aims to enhance port operations.

This web-based system, replacing I-TOS for domestic trade and OPUS for international trade, streamlines processes from to yard planning.

While praised by users, they emphasize the need for a contingency plan to avoid prolonged disruptions. Miswar Mahyudin, acting manager of TPK Palembang, highlighted TONUS's advantages and ease of use.

As advances in , TONUS's adoption at ports like Palembang is crucial. Despite its potential, users like Irsyad Pahlevi, from of South Sumatra, stress the importance of preparedness against system failures. Asep Saiful the IPC TPK Assistant Manager for Planning and Operations assured a business continuity plan (BCP) is in place.

With TPK Palembang being a top contributor to IPC TPK, its increased throughput, reaching 108,624 TEUs by November, signifies TONUS's promising impact. Leading exports from Palembang include rubber, coconut, and wood products

Read the full report on theshippinggazette.com

29/12/2023

In the challenging landscape of 2023, the sector witnessed significant fluctuations. Yulia Ningrum, Director of Link Pacific Logistics, emphasized the industry's inherent dynamism, suggesting that such ups and downs are par for the course. Despite the year's adversities, Link Pacific Logistics stood out, registering a commendable 24% growth in new customers, a testament to their resilience and strategic prowess.

The company adopted a dual approach: defensive strategies to retain their loyal customer base and offensive measures to capture new . These tactics, combined with a focus on efficiency and service excellence, led to a notable 30% cost reduction for their clientele. Yulia's leadership, coupled with the company's commitment to personalized service, paints a promising future for .

For readers intrigued by the full narrative, the comprehensive story can be accessed by purchasing the December 2023 digital version.

The link is available in the bio: sociabuzz.com/isgct/p/isg-december-2023

28/12/2023

Challenges in Red Sea: Shipping Companies Navigate Uncertainty

In the face of escalating tensions, leading shipping companies are recalibrating their strategies in the Red Sea.

CMA CGM, a prominent French shipping entity, contemplates increasing sailings through the , though uncertainties loom due to recurrent attacks. Recent data reveals redirected 13 northbound and 15 southbound vessels via the Cape of Good Hope, a response to threats by the Iran-backed Houthi group from Yemen.

revealed plans on December 24 to re-enter the Red Sea, referencing a U.S.-led protection initiative against Houthi actions. However, operational details remain elusive. Questions also arise on potential surcharge impacts, with Maersk hinting at clarifications soon.

The region's volatility has disrupted diverse vessels, from oil tankers to the United VIII container ship. Meanwhile, , cautious of security, diverts ships via the , with a scheduled review this Friday.

Essential to note is the Red Sea's role, handling about 12% of global trade. As challenges persist, stakeholders monitor developments, prioritizing maritime route safety.

26/12/2023

Juanda Surabaya Airport (SUB), under Angkasa Pura Airports, leads Indonesia's National Logistics Ecosystems (NLE) Program. This initiative aims to refine logistics, bolster investment, and elevate economic competitiveness. TPFT, an Integrated Checkpoints system at Juanda, streamlines processes, reduces paperwork, and targets a 30%-40% cut in cargo check costs. Danianto Director of Angkasa Pura, highlights the program's importance and plans for its expansion to other major airports. Concurrently, the Cargo Integrated System (CIS) 2.0 is advancing digitalization in cargo terminals, with a broader rollout expected by 2024, aiming to fortify Indonesia's logistics framework.

Link download: Bio CT December 2023

19/12/2023

Carmelita Hartoto, Chairwoman of the Indonesia National Shipowners Association (INSA), emphasized collaboration between maritime industry players and government officials at the 18th General Meeting of Members (RUA). Held in Surabaya on December 15, 2023, the event aimed at navigating challenges for an advanced Indonesia.

highlighted the challenges of the 2019-2023 term, including the global COVID-19 pandemic, the Russia-Ukraine conflict, and economic slowdowns. Despite setbacks, achieved milestones like strengthening the national fleet for coal supply and securing leadership roles in international shipowner associations. Carmelita emphasized INSA's commitment to digitalization, green energy, and called for government support to enhance the domestic maritime industry.

12/12/2023

In an exclusive interview last month, Akbar Djohan, then ALFI's General Secretary and recently appointed Chairman (on Monday, December 11), discussed the future of the sector and ALFI's role in its development.
id , sees immense potential for the sector's future. In a recent interview, he highlighted factors like geography, demography, and government programs as drivers of growth.

While acknowledging challenges in infrastructure, regulations, and human resources, Akbar emphasizes ALFI's commitment to development programs. Initiatives like Logistics Vocational Programs, partnering with universities, aim to build a skilled workforce.

Collaboration between government, industry players, and stakeholders like is crucial for success, Akbar believes. He is confident that by addressing challenges and optimizing resources, Indonesia can become a leader.

Click link on bio to get the full story inside Indonesia Shipping Gazette - December 2023 for only IDR 20,000!

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Shipping giants Maersk and Hapag-Lloyd have inked a long-term collaboration named Gemini Cooperation, set to commence in February 2025. The goal is to establish a top-notch global network offering superior schedule reliability, a comprehensive network with competitive transit times, and reduced carbon footprint. This partnership merges their fleets into a pool of 290 vessels with a combined 3.4 million containers (TEU). Maersk deploys 60%, Hapag-Lloyd 40%. The target is a schedule reliability of over 90% post full operationalization. As part of this, Hapag-Lloyd exits THE Alliance by January 2025, and Maersk concludes the 2M alliance with MSC Mediterranean Shipping Company in the same month. The network spans seven trade routes, encompassing 26 mainline services and dedicated shuttles around transshipment hubs. It aims for high-quality service, improved transit times, and flexibility to adapt to disruptions and market changes, reducing risk and complexity. Vincent Clerc, Maersk CEO, states, "This cooperation will offer our customers a flexible ocean network, raising the bar for reliability in the industry." Both companies commit to fleet decarbonization, with Maersk targeting net-zero by 2040 and Hapag-Lloyd by 2045. Rolf Habben Jansen, Hapag-Lloyd CEO, believes this collaboration will enhance customer quality and efficiency gains, accelerating industry decarbonization. In 2024, they plan the transition from existing alliances to the new cooperation, ensuring seamless service continuation for customers.

ONE Intelligence Probably a 24.000 TEU class Megamax. Will be a group of six sister vessels to be operated by @ocean_network_express Clip Credit: @ktt.at #shipping #oceannetworkexpress #oneintelligence

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