June 11, 2014

Journal of Commerce quotes Ashley Craig on proposed vessel-sharing alliance

1 min

In a June 4, 2014 article, Journal of Commerce quoted Venable partner Ashley Craig on plans by the CKYH partners (Cosco, “K” Line, Yang Ming and Hanjin) and Evergreen Line to form a vessel-sharing alliance in the trans-Pacific and trans-Atlantic trade lanes.

Craig said that by asking the U.S. Federal Maritime Commission to let them discuss operating in the two major trade lanes, the carriers can still prepare a VSA while gauging how competitors’ alliances and the larger market play out. He expects the FMC to allow them to discuss market developments and voluntary guidelines for non-binding rates before choosing whether to seek a VSA in three to four months.

“The carriers want to first conduct preliminary analysis,” Craig said.