ShippingWatch

Consolidation among container carriers will set new record in 2018

The market dominance of the ten largest container carriers, which has already reached a record level, will grow further in the new year, writes Alphaliner.

Photo: PR-foto/Hamburg Hafen Marketing Association

Mergers and acquisitions among major container carriers have created the greatest market concentration ever, as the 10 largest container carriers control 77 percent of the market in the last month of 2017.

According to Alphaliner, the level will further rise in 2018 to 82 percent, when China's Cosco takes over Hong Kong-based OOCL (Orient Overseas Container Lines), and when the merger of container activities in Japan's three largest carrier groups, ONE (Ocean Network Express) is finalized from April 1 next year.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

Latest news

Jobs

See all

See all