Sagar Sandesh Has Launched e-Paper also from August 2016. ** Free Roll Out of Your Advertisement In Our Website "www.porttoport.in" * Higher Number of Visibility - More Than One Lakh Visitors * Reasonable Tariff With Wider Reach * Assured Online Promotions * Free E-Paper **

Recession hit shipping industry reduces large scale carriers

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.

Disclaimer
Copyright © 2017 PORT TO PORT - Shipping Services Portal ( Sagar Sandesh ). All rights reserved.

Follow Us