Top 9 carriers control 83% of capacity, but the 3 alliances control only 39%

The world’s top two container lines —  Switzerland’s MSC and Denmark’s Maersk — have cooperated since 2015 in the 2M alliance, a partnership they will end in 2025. Because MSC and Maersk have the biggest fleets, controlling over a third of all global capacity between them, 2M is the largest alliance, right?

Not so, explained container shipping data provider and analyst Alphaliner. “The picture can be deceiving,” it said.

The three global alliances — 2M, Ocean Alliance and THE Alliance — cover the major east-west trades (Asia-U.S., Asia-Europe, Europe-U.S.) and 2M is actually the smallest of the three.

Alliances are multiyear vessel-sharing agreements approved by regulators that allow carrier members to offer joint services and cooperate on capacity management. Shipping lines only dedicate a portion of their ships to alliances. The remainder are used for north-south trades, intra-Asia service and other routes.

The membership of the three alliances comprises the world’s top nine liner operators. These nine carriers control 83% of the global capacity between them. Yet the capacity these nine carriers dedicate to the three alliances represents a much smaller share: 39%.

2M capacity

MSC has total fleet capacity of 4.63 million twenty-foot equivalent units. But it only contributes 25% of that (1.15 million TEUs) to 2M, according to Alphaliner. That is the smallest share, by far, of alliance capacity of any of the nine carriers involved in the three groups.

Maersk has total capacity of 4.23 million TEUs, with 39% in 2M (1.66M TEUs).

Total 2M capacity is 2.82 million TEUs. That’s only 11% of global capacity, a much lower share than the overall combined MSC-Maersk fleets (34%).

Ocean Alliance capacity

It is also significantly lower than capacity in the biggest shipping alliance: the Ocean Alliance, whose members are France’s CMA CGM, the world’s third-largest liner operator; China’s Cosco, the fourth largest (including subsidiary OOCL); and Taiwan’s Evergreen, the sixth largest.

The Ocean Alliance has total capacity of 4.3 million TEUs, 52% more than 2M. Ocean Alliance capacity accounts for 16% of global fleet capacity.

Its members are individually smaller than Maersk and MSC, but they deploy much more of their capacity within the alliance. CMA CGM and Cosco have around half their capacity in the Ocean Alliance, Evergreen at three-quarters.

THE Alliance capacity

The second largest global shipping alliance is THE Alliance, the partnership between Japan’s ONE (the world’s seventh-largest carrier), Germany’s Hapag-Lloyd (No. 5), South Korea’s HMM (No. 8) and Taiwan’s Yang Ming (No. 9).

While the members of THE Alliance are smaller individually than those in the Ocean Alliance, they contribute even more of their fleets to the strategic agreement. Yang Ming has 80% of its capacity in alliance services, HMM 78%, ONE 69% and Hapag-Lloyd 43%, according to Alphaliner.

The combined deployed capacity in THE Alliance, 3.03 million TEUs, represents 12% of global capacity.

click here for more information about iran sea freight .





Post a Comment

Your email address will not be published. Required fields are marked *