Ocean Alliance set to be largest on Asia-Europe and transpacific trades

The new Ocean Alliance will have largest capacity share on the east-west trades from Asia to Europe and Asia–North America according to Alphaliner.

The new proposed alliance of CMA CGM (including APL), Cosco (including China Shipping Container Line), Evergreen and Orient Overseas Container Line (OOCL) will be the largest alliance on both trades Alphaliner said in its weekly newsletter.

Based on April 2017 estimates of capacity on Asia – Europe it would have a 34.5% of total capacity, while 2M comprising Maersk and MSC would have 33.4%, and the remaining lines in a number of different alliances in the trade 32.1% of capacity.

On the Asia – North America trade the Ocean Alliance will be the largest single grouping with 38.9% of capacity, 2M has just 15.6%, while the remainder will hold 45.5%.

Comparing 2M and the Ocean Alliance, the former would operate 2.12m teu jointly while the new alliance would operate 2.78m teu in capacity jointly.

Copyright Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.