NEWS 

New Vessel Sharing Alliances and Potential Effects on the International Moving Industry

Champion International Moving wishes to make you aware that as of April 1, 2017, fourteen of the
largest steamship lines have merged their shipping services and vessels into 3 main alliances, which will
handle about 88% of all cargo moving globally.
In 2016, the bankruptcy of Hanjin Shipping sent shock waves through the maritime shipping industry,
which was already extremely competitive and under intense pricing pressure. These alliances were
formed to strengthen the shipping industry as a whole and reduce the chance of additional lines going
bankrupt.
Through vessel sharing and route sharing, the steamship lines expect to see an increased demand for
space onā€board their vessels, resulting in a strengthened economic position across their industry.
However, this reduction in the number of steamships on the water could also potentially limit the
number of shipping options available. It may also mean longer transit times, as steamships will call on
more ports along each voyage.
Champion plans to book containers with the steamship lines as far in advance as possible to avoid any
potential shipping delays or capacity issues.
We will keep you updated as the situation progresses.

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