Over the past couple of years ocean container lines have formed into four mega-alliances, largely to create economies of scale. By sharing space on mega-vessels, carriers benefit from lowered operating costs due to the sheer volume. Currently, the G6 and CKYHE alliances hold the majority of the capacity on the Trans-Pacific Eastbound trade lane. However, with the pending CMA CGM purchase of NOL, a portion of the G6's share could be shifted to the Ocean Three.
The highly anticipated Panama Canal Expansion Project is scheduled to open April 1, 2016. So how will the expansion project improve the major maritime gateway?
Topics: Panama Canal