 |
Louisiana Light • 1 day | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Opec Basket • 1 day | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.725 | +0.011 | +0.41% |
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 1 day | 89.30 | -1.63 | -1.79% | ||
|
Opec Basket • 1 day | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 1 hour | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 1 hour | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 1 hour | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 1 hour | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 1 day | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 1 day | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 2 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 2 days | 86.86 | -2.40 | -2.69% |
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World’s Three Largest Shipping Companies to Form Alliance
The three largest shipping container operators in the world have announced that they will form an alliance that will help them to reduce fuel consumption, and improve the levels of service and operations.
Vincent Clerc, of the Danish shipping giant A.P Moller-Maersk, said that the company will begin to work with its bitter rivals, MSC Mediterranean Shipping Company S.A., and CMA CGM of France, to form what will be known as the P3 alliance.
The alliance will form an independently operated network that boasts 255 container ships which can transport a total 2.6 million Twenty Foot Equivalent Unit (TEU) containers all around the world; between Europe and Asia, as well as across the Pacific or Atlantic Oceans. The combined network of the three operators will enable them to offer more weekly departures to customers
Related article: New US Energy Secretary will Make a Decision on LNG Exports by December
Whilst the alliance will mean that the tree companies work closely together, almost acting as one organisation, Maersk has stated that the companies will at all times remain separate, with fully independent sales, marketing, and customer service departments.
Maersk Line released a statement to explain that “declining volume growth and over-capacity in recent years have underlined the need to improve operations and efficiency in the industry;” two of the things that the container operators hope to address via this alliance.
By. James Burgess of Oilprice.com
James Burgess
James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…
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