Box Carriers Pressured by Lack of Market Consolidation

Lack of consolidation in the box carrying segment will resume exerting pressure on shippers, according to Drewry Shipping Consultants.

Despite the fallout of the P3 network planned by Maersk, MSC and CMA CGM, competing shippers, especially those in China may not be in a position to keep up with the aforementioned shipping giants.

Drewry pointed out that even without the P3, Maersk and CMA CGM were already at the industry’s forefront when it comes to profit, projecting that this trend will continue as they seek new ways to cut their costs and increase efficiency through existing bi-lateral and tri-lateral vessel-sharing agreements.

“They might even be allowed to form a tri-lateral consortium in the Transpacific, as their current 20% market share of effective eastbound vessel capacity to the West Coast alone is well below the G6’s 34%,” Drewry said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >