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Container Shipping Lines Sign Up With Alibaba to Offer Online Booking

Two container shipping lines, France's CMA CGM and Israel's Zim, have signed up with Alibaba to allow customers to book space on their vessels through the Chinese e-commerce giant, in a bid to boost sales as the sector battles a severe downturn.

Container Shipping Lines Sign Up With Alibaba to Offer Online Booking

Container lines, facing their worst ever downturn due to a glut of ships and weaker demand, are pursuing several measures such as vessel-sharing arrangements or mergers and acquisitions to ride out the current slump. A growing number of logistics firms are going online to buoy their business.

In December, Maersk - the world's largest container shipping line and a unit of Denmark's A.P. Moller-Maersk - started offering online booking services to Chinese shippers on Alibaba's OneTouch website.

Shippers traditionally go through freight forwarders to book space for goods on container vessels, but more liners are allowing cargo owners to book directly via the internet. As for e-commerce companies, they are venturing into logistics to try to gain better control over their supply chain networks.

"Alibaba.com is open to collaborating with logistics firms who want to join our platform which aims to streamline the logistics process for small and medium-sized enterprises and empower them to seize cross-border trade opportunities," an Alibaba spokeswoman told Reuters.

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Container lines, facing their worst ever downturn due to a glut of ships and weaker demand, are pursuing several measures such as vessel-sharing arrangements or mergers and acquisitions to ride out the current slump. A growing number of logistics firms are going online to buoy their business.

In December, Maersk - the world's largest container shipping line and a unit of Denmark's A.P. Moller-Maersk - started offering online booking services to Chinese shippers on Alibaba's OneTouch website.

Shippers traditionally go through freight forwarders to book space for goods on container vessels, but more liners are allowing cargo owners to book directly via the internet. As for e-commerce companies, they are venturing into logistics to try to gain better control over their supply chain networks.

"Alibaba.com is open to collaborating with logistics firms who want to join our platform which aims to streamline the logistics process for small and medium-sized enterprises and empower them to seize cross-border trade opportunities," an Alibaba spokeswoman told Reuters.

Read Full Article

Container Shipping Lines Sign Up With Alibaba to Offer Online Booking