Top 40 container shipping lines' H1 rankings: JOC
FRENCH shipping line CMA CGM and subsidiary line APL handled the largest combined share of US containerised imports in the first six months of the year, with Switzerland's Mediterranean Shipping Company (MSC) following close behind, according to data compiled by PIERS, a sister product of JOC
FRENCH shipping line CMA CGM and subsidiary line APL handled the largest combined share of US containerised imports in the first six months of the year, with Switzerland's Mediterranean Shipping Company (MSC) following close behind, according to data compiled by PIERS, a sister product of JOC.com.
The top five ocean liners and common-owned companies maintained the same share of US imports as they had in the same period last year, at 62 per cent, despite year-on-year volume growth slowing to 3.4 per cent, down from 7.8 per cent last year, reported IHS Media.
MSC was the fastest growing of the five largest carriers of US imports in the first half, increasing its volume 9.1 per cent year on year. Chinese state-run carrier Cosco Shipping and subsidiary OOCL were the only lines to post a decrease in volume during the period, as their total US imports dropped 4.9 per cent year over year.
Maersk Line led all carriers in terms of US exports, moving 14 per cent of all outbound containers in the first half despite a four per cent decrease in volume from the first half of 2018, followed by MSC (13.4 per cent), and CMA CGM and APL (12.3 per cent). The top five carriers and common-owned companies expanded their share of US exports in the first six months by 1.6 percentage points to 60.3 per cent.
Among the top five carriers of US container exports, Ocean Network Express (ONE) registered the largest gains, with first-half volume growth rebounding to 27.2 per cent after a 9.8 per cent loss the previous year. CMA CGM and APL suffered the biggest decline, with combined US export volume falling 5.3 per cent compared with 3.4 per cent growth in the first half of 2018.
Rising global competition and Chinese retaliatory tariffs on US exports continued to drag on total outbound US volume, pulling the overall year-on-year growth rate down to 1.6 per cent.
Globally, Maersk is still the leader in terms of total container capacity with an 18.9 per cent share of the top-50 carrier fleet, according to Alphaliner, followed by MSC (16.3 per cent), Cosco Shipping (13.3 per cent), CMA CGM Group (12.3 per cent), and Hapag-Lloyd (7.6 per cent).
In recent years, carrier consolidation via mergers and acquisitions has raised the total market share of the 10 largest fleet operators to 87.9 per cent, with the top five operators now controlling 68.4 per cent of active capacity.
Maersk has no plans to expand its existing capacity at present, and its orderbook accounts for no more than 28,700 TEU of capacity, or 0.7 per cent of its total fleet of 4.18 million TEU. By contrast, ninth-largest carrier Hyundai Merchant Marine (HMM) has 20 ships on order with a total capacity equivalent to 97 per cent of its existing 408,285-TEU fleet.
'We maintain that we want to stay around four million TEU of deployed capacity,' Maersk Group CEO Soren Skou said during a conference call on August 15. 'We will need some extra tonnage chartered in because we have ships retrofitting scrubbers and have invested a little more capacity in slow steaming this year.'