“It was the Law of the Sea, they said. Civilization ends at the waterline. Beyond that, we all enter the food chain, and not always on top.”
Hunter S. Thompson, Generation of Swine: Tales of Shame and Degradation in the ‘80s.
On 22nd of December, 2016, Maersk, arguably the world’s largest ocean containership carrier (the argument coming from similar-sized 2M alliance partner MSC [Mediterranean Shipping Company]), began offering Chinese shippers the option of using Alibaba’s (arguably the world’s largest retail commerce company in gross revenue terms) OneTouch system. This move could well be as revolutionary as Malcom McLean’s launch of the containership industry just over sixty years ago.
The 2M Alliance, composed of the two largest containership operators, Maersk and MSC (Mediterranean Shipping Corporation) reportedly announced today it will not admit Hyundai Merchant Marine (HMM) as a full partner in the agreement but will explore other options such as slot exchange or purchase agreement.
It was announced last week the Permanent Court of Arbitration (PCA) in The Hague ruled in favor of the Philippines in their dispute with the People’s Republic of China over territorial claims in the South China Sea. Shortly after the announcement, Beijing rejected the ruling as illegal while Washington immediately chimed in with a statement that The Hague ruling was both legal and binding.
Early Friday morning (24-June) the U.S. awoke to the results of Britain’s historic vote to leave the European Union. On the western shores of “The Pond” the controversial referendum was often buried in the electric ether of the U.S. Presidential campaign or more exciting issues like keeping up with another generation of Kardashians. However, with the “shocking decision” (an expression used by at least a dozen U.S. news reporters) “The Exit” is today’s news.
The book, Long Haul Legacy by F. Martin Harmon (Atlantic Book Printing), tells the tale of long haul trucking in the U.S. This is a story that has been told more than once, but Harmon fills in some important details left out of many accounts on the unique evolution of trucking in the U.S. The subtitle “SMC3 and the Evolution of Motor Freight” is frequently missing from most accounts, and frankly the omission is as big as Superman without his cape.
Back in 2010, ironically about the same time as Greece agreed to the EU backed bailout program, “Get him to the Greek” was a rock (hardly Greek) comedy. But at this moment in time, German Chancellor Angela Merkel and indeed most of the leaders in the EU [especially Francois Hollande, President of France], would simply like to get past the Greeks and move on.