The harsh conditions in the container shipping market during the 2016 have
led to a drop of large-scale international carriers to 17 as at January 2017,
down from 20 a year ago, an international shipping portal, Alphaliner said
The reduction is a result of the acquisition of Singapore-based carrier APL
by French major CMA CGM, as well as the integration of Chinaís CSCL within
COSCO, while South Korean container carrier Hanjin Shipping made an abrupt exit
from the container shipping market in September 2016.
This number will shrink further in 2017 with the pending conclusion of the
Hapag-Lloyd and United Arab Shipping Company (UASC) merger, the acquisition of
Hamburg Sϋd by Maersk and the merger of K Line, MOL and NYKís liner shipping
businesses, Alphaliner informed.
Additionally, the overall capacity operated by the 17 main carriers
decreased by 1.3% over the last 12 months, after taking into account the
removal of Hanjinís tonnage. Collectively, these carriers control 81.2% of the
global liner capacity as at January 1, 2017, compared to 83.7% controlled by
the 20 main carriers a year ago.
Apart from Hanjin Shipping, five other carriers logged capacity reductions,
with Zim recording the largest loss as its operated capacity shrank by 14.8%.
MOL and K Line also recorded significant capacity reductions of 10.6% and 7.7%,
respectively, ahead of the planned merger with NYK to form the J-3 partnership.
Although CMA CGM Groupís operated capacity grew by 17.3% thanks to the APL
purchase, the aggregated capacity of both carriers fell by 9.3%, due mainly to
the outsourcing of a substantial part of CMA CGMís feedering activities.
Hamburg Sϋd was also forced to rationalise its operated capacity due to the
very weak trading conditions on its core South America routes. The carrierís
operated fleet shrunk by 6.6% last year.