Business, Logistics

Hapag-Lloyd, Five Asian Liners Form New Shipping Alliance

Hapag-Lloyd AG, Germany’s top container shipping line, and five Asian carriers will form a new vessel-sharing alliance to take on bigger rivals amid a glut in capacity that’s depressed freight rates.

Kiyotaka Matsuda | Bloomberg News
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Chris Cooper | Bloomberg News
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Kyunghee Park | Bloomberg News
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Nicholas Brautlecht | Bloomberg News
May 13, 2016