Measured in capacity, Maersk's market share is shrinking compared to its major competitors, writes Alphaliner, while both MSC and Cosco grew their shares in recent years. The trend is expected to continue for the container line, projects the firm.
Big container ships are starting to replace smaller container ships on the routes between Asia-Europe and Asia-North America. MSC's new 23,700-teu vessels are just the most recent example of a development that will continue, writes Alphaliner.
The largest container ships have driven fleet growth in the container industry for many years, and this trend is set to continue. Meanwhile, demand for smaller container vessels will continue to decline, estimates Alphaliner.
A new accounting standard has effected a significant rise in shipping companies' debt obligations, writes analyst firm Alphaliner. One carrier has increased its debt by over 100 percent following the new standard.
More container ships will be taken out of service in the last months of the year to have scrubbers installed. Upwards of 30 ships are expected to be removed from the global fleet every month, writes Alphaliner.
MSC is set to close in on Maersk in a 2019 in which the Italian liner shipping company has significantly more newbuilds underway than competitors, shows new Alphaliner analysis. Cosco also continues its fleet growth with the second-largest orderbook.
In line with Kuehne + Nagel's analysts, Alphaliner also sees a slowdown in container growth. In the second quarter 2018, growth dipped to its lowest level since 2016. US sanctions have also impacted the Middle Eastern market.
Bunker prices alone are not responsible for container carriers' losses in the first half of 2018. The carriers themselves have not done enough to reduce capacity, says analyst firm Alphaliner. Evergreen tops the list with a huge order book.