Beltran Felipe Urenda Salamanca, the chairman of the Chilean shipping company CCNI, has raised the possibility of deeper cooperation with other shipping companies.
Writing in CCNI's annual report, he noted that difficult conditions in the shipping industry “have revived the process of consolidations, as well as the creation of strategic alliances much deeper in coverage than the traditional ones, even among the main players."
He noted that the P3 was the start of this new trend, and that Hapag-Lloyd's merger with CSAV "will probably cause the disappearance of another local player in regular lines.” Last month CSAV and Hapag-Lloyd finalized their agreement to merge their container businesses.
“Therefore, the company does not rule out the possibility of deepening cooperation agreements with other players in order to achieve greater stability, both in fleet and in service coverage. Moreover, agreements with other shippers are part of the culture of CCNI, so the adjustments required to implement such partnerships are not alien to our practices,” he wrote.
According to BlueWater Reporting records, CCNI has space sharing agreements on 12 of its 14 line services, most commonly with Hamburg-Sud and its Allianca affiliate, but also with many other carriers, including CSAV and Hapag-Lloyd, Maersk, CMA CGM, China Shipping, Hyundai, and others.
More than 74 percent of CCNI stock is owned by Grupo Empresas Navieras (GEN).
Urenda said shareholders have helpd the company undergo an "unprecedented" plan for fleet investment. He pointed to the commission of two 9,000-TEU ships and the recent order for two more, which totals an investment of $340 million.
"Such decision by the company, driven by the controlling group, has allowed us to substantially improve our position as major players in the traffic we participate in," he wrote.
He also noted that CCNI has chartered a pure car-truck carrier for three years, which he said will "stabilize our fleet and set our costs for this item."