As a provider of international container shipping services, the U-Freight Group, notes an article on the Splash 247 website reporting that Mediterranean Shipping Company (MSC) has broken the all-time record for market share held by a single container line.
Quoting Alphaliner data, the Splash 247 article states that the MSC share reached 21.5% of total global container capacity in May – a milestone no carrier has come close to achieving in the history of the industry.
Splash 247 says that the only previous benchmark worth comparing was Maersk’s 19.3% share in 2018, itself a product of the Danish carrier’s aggressive consolidation drive. MSC has now surpassed that by more than two percentage points and, as of Alphaliner’s latest ranking on June 9, has extended its fleet to 7,329 million teu and 21.6% of the global market. MSC has effectively doubled its share since 2010.
According to the report, the concentration story extends beyond MSC alone. The 10 largest container carriers collectively held 84.8% of global capacity in January 2021, an all-time high reached as the major lines proved uniquely placed to capitalise on pandemic disruptions.
Nearly 500,000 teu in newbuilding tonnage was delivered to those same ten carriers in the five months from December to April this year, pushing their combined share to 84.7% of the total market at end-May – just 0.1 percentage points short of the all-time record, according to Alphaliner.
The full report can be seen here: https://splash247.com/msc-smashes-liner-market-share-record/
You can find more information about the U-Freight Group’s ocean freight services by visiting our website or speaking to your usual contact in our company.
MSC smashes liner market share record
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Jun
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