THE Alliance Unveils Safety Net in Case of Bankruptcy

Image Courtesy: Hapag-Lloyd

The five member lines of THE Alliance said that they will establish an independent trustee to manage funds to be used if one of the carriers suffers a bankruptcy.

Through the contingency plan, the fund will be used to continue alliance operations in the event of insolvency of one or more members of THE Alliance, which comprises Hapag-Lloyd, K Line, Mitsui O.S.K. Lines (MOL), Nippon Yusen Kabushiki Kaisha (NYK Line) and Yang Ming.

The independent trust fund will safeguard that customers’ cargo on board of the affected members’ ships will be carried to the port of destination, the member carriers said.

The plan was devised on the back of Hanjin Shipping’s demise, which “showed a clear demand for such a safety net,” THE Alliance added.

Additionally, the member carriers unveiled the final network after all needed preparations have been finalized.

Starting from April 2017, THE Alliance plans to deploy more than 240 ships in 32 services connecting over 75 major ports throughout Asia, North Europe, the Mediterranean, North America, Canada, Mexico, Central America, the Caribbean, Indian Subcontinent and the Middle East with a range of direct port-port-connections.

Image Courtesy: NYK Line

The final port rotations of the total 32 services will be as follows:

Asia and North Europe

FE 1:
Kobe – Nagoya – Shimizu – Tokyo – Singapore – Jeddah – Rotterdam – Hamburg –
Southampton – Le Havre – Singapore – Kobe

FE 2:
Xingang – Dalian – Qingdao – Shanghai – Ningbo – Hong Kong – Yantian – Singapore –
Tangier – Southampton – Hamburg – Rotterdam – Le Havre – Tangier – Jebel Ali – Hong
Kong – Qingdao – Xingang

FE 3:
Hong Kong – Xiamen – Kaohsiung – Yantian – Rotterdam – Hamburg – Antwerp – London
Gateway – Piraeus – Singapore – Hong Kong

FE 4:
Pusan – Ningbo – Shanghai – Rotterdam – Hamburg – Antwerp – Southampton – Shekou –
Yantian – Pusan

FE 5:
Laem Chabang – Cai Mep – Singapore – Colombo – Rotterdam – Hamburg – Antwerp –
London Gateway – Jeddah – Colombo – Singapore – Laem Chabang

Asia and the Mediterranean

MD 1:
Qingdao – Shanghai – Ningbo – Yantian – Singapore – Damietta – Barcelona – Valencia –
Fos – Genoa – Damietta – Singapore – Shekou – Qingdao

MD 2:
Pusan – Ningbo – Shanghai – Kaohsiung – Yantian – Singapore – Jeddah – Genoa – La
Spezia – Barcelona – Valencia – Singapore – Hong Kong – Pusan

MD 3:
Pusan – Shanghai – Ningbo – Yantian – Singapore – Jeddah – Ashdod – Piraeus – Istanbul
(Ambarli) – Izmir/Aliaga – Mersin – Jeddah – Singapore – Kaohsiung – Pusan

Asia and the Middle East

AGX:
Pusan – Qingdao – Shanghai – Ningbo – Shekou – Singapore – Jebel Ali – Dammam – Jubail
– Abu Dhabi – Port Kelang – Singapore – Ningbo – Pusan

Transpacific – West Coast

PN 1:
Qingdao – Shanghai – Nagoya – Tokyo – Tacoma – Vancouver – Tokyo – Nagoya – Kobe –
Qingdao

PN 2:
Singapore – Laem Chabang – Cai Mep – Kaohsiung – Yantian – Tacoma – Vancouver –
Tokyo – Kobe – Kaohsiung – Singapore

PN 3:
Hong Kong – Yantian – Ningbo – Shanghai – Pusan – Vancouver – Seattle – Pusan – Hong
Kong

PS 1:
Kobe – Nagoya – Tokyo – Sendai – Los Angeles/Long Beach – Oakland – Tokyo – Nagoya
– Kobe

PS 2:
Kobe – Nagoya – Shimizu – Tokyo – Los Angeles/Long Beach – Oakland –Tokyo – Kobe

PS 3:
Singapore – Laem Chabang – Cai Mep – Hong Kong – Los Angeles/Long Beach – Oakland
– Tokyo – Hong Kong – Singapore

PS 4:
Hong Kong – Yantian – Kaohsiung – Keelung – Los Angeles/Long Beach – Oakland –
Keelung – Kaohsiung – Da Chan Bay – Hong Kong

PS 5:
Shanghai – Ningbo – Los Angeles/Long Beach – Oakland – Shanghai

PS 6:
Qingdao – Ningbo – Shanghai – Pusan – Los Angeles/Long Beach – Oakland – Pusan –
Qingdao

PS 7:
Xiamen – Hong Kong – Yantian – Los Angeles/Long Beach – Xiamen

PS 8:
Dalian – Xingang – Qingdao – Pusan – Los Angeles/Long Beach – Oakland – Pusan –
Kwangyang – Dalian

Transpacific – East Coast (via Panama and Suez)

EC 1:
Ningbo – Shanghai – Pusan – Tokyo – (Panama Canal) – Manzanillo – Savannah –
Jacksonville – Charleston – Norfolk – Miami (Seasonal) – Manzanillo – (Panama Canal) –
Balboa – Los Angeles/Long Beach – Oakland – Tokyo – Kobe – Ningbo

EC 2:
Qingdao – Ningbo – Shanghai – Pusan – (Panama Canal) – New York – Boston – Wilmington
– Savannah – (Panama Canal) – Pusan – Qingdao

EC 3:
Kaohsiung – Xiamen – Hong Kong – Yantian – Shanghai – (Panama Canal) – Savannah –
Norfolk – (Panama Canal) – Balboa – Pusan – Kaohsiung

EC 4:
Kaohsiung – Hong Kong – Yantian – Cai Mep – Singapore – (Suez Canal) – New York –
Norfolk – Savannah – Jacksonville – Charleston – (Suez Canal) – Singapore – Kaohsiung

EC 5:
Laem Chabang – Cai Mep – Singapore – Colombo – (Suez Canal) – Halifax – New York –
Savannah – Norfolk – Halifax – (Suez Canal) – Jebel Ali – Singapore – Laem Chabang

Transatlantic

AL 1:
Bremerhaven – Antwerp – London Gateway – Norfolk – Philadelphia – New York – Halifax –
Bremerhaven

AL 2:
London Gateway – Le Havre – Rotterdam – Bremerhaven – New York – Charleston – London
Gateway

AL 3:
Antwerp – Bremerhaven – Southampton – Charleston – Savannah – Port Everglades –
Houston – Savannah – Norfolk – Antwerp

AL 4:
Southampton – Antwerp – Bremerhaven – Le Havre – Veracruz – Altamira – Houston – New
Orleans – Mobile – Southampton

AL 5:
Southampton – Rotterdam – Hamburg – Antwerp – Le Havre – Savannah – Cartagena – Los
Angeles/Long Beach – Oakland – Seattle/Tacoma – Vancouver – Oakland – Los
Angeles/Long Beach – Balboa – Cartagena – Caucedo – Savannah – Southampton

AL 6:
Salerno – Livorno – La Spezia – Genoa – FOS – Halifax – New York – Norfolk – Savannah
– Salerno

AL 7:
Barcelona – Tarragona – Valencia – Algeciras – Halifax – New York – Norfolk – Savannah
– Valencia – Tarragona – Barcelona

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2017 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

CWC World LNG & Gas Series: Americas Summit

Now in its 15th year, the CWC World LNG & Gas Series: Americas Summit is the longest running LNG event in the Americas region.

Bringing together the key players in the LNG & gas value chain in both the Americas region and globally, this is the perfect place to make new contacts, do deals and get essential updates on the market.

This year we return to Houston, TX once again on 20-23 June 2017 – the heart of the energy industry, making it easier than ever to access they key players in your business.

More info

read more >

Nor-Shipping 2017

Nor-Shipping is the leading maritime event week. Their top-quality exhibition, high-level conferences and prime networking opportunities…

read more >

2ND ANNUAL PORTS AND TERMINALS INSURANCE SEMINAR

DETAILED GUIDANCE ON HOW THE INSURANCE MARKET IS CHANGING, HOW RISKS ARE ASSESSED AND WHAT…

read more >

2ND ANNUAL ADVANCED CHARTERING MASTERCLASS

The Advanced Chartering Masterclass will focus on the particularly difficult issues in charterparty agreements and our experts will help you find solutions…

read more >