The world's two largest container carriers, Maersk Line and MSC, can look forward to tougher competition at the top of the industry as they see their unique size in the market fade, notes analyst firm SeaIntel.
Formerly, the two carriers behind the 2M alliance enjoyed a special status as the container industry's pace-setting heavyweights, but after several years of acquisitions among the competitors, the field of top carriers is widening. Today there are in effect five or six carriers which are so large that they make up a class of their own.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
HMM, Maersk company and 21 carriers fined for illegal price fixing
South Korea's Fair Trade Commission (FTC) hands out fines to 23 carriers, including HMM and a Maersk company, for illegal collaboration on price fixing up until 2018. Maersk confirms the matter to ShippingWatch. Updated.
Maersk Tankers CEO sees no reason to merge tanker carriers
It has long been discussed, and the chief executive of a competitor points to Maersk Tankers as a driver in the tanker sector's consolidation race. However, Maersk Tankers CEO Christian M. Ingerslev does not see much sense in combining balance sheets, he tells ShippingWatch.
Cargill and Klaveness consider Sea Cargo Charter successful despite lack of support
Co-founders such as Ørsted have dropped out, and the ambition to get 30 companies on board in 2021 did not succeed for climate initiative Sea Cargo Charter, which counts Norden, Cargill and Klaveness among its members. According to the partners behind, the first year has still been a success.
Torm wants ships sailing on green fuels no later than 2030
It makes sense that carriers with fixed routes are the first to launch green, carbon-free ships. Carriers such as Torm will be hit by a lack of green energy, says Torm's chief executive to ShippingWatch.
Climate coalition says carbon tax necessary for shipping's green transformation
Green fuels need help from a CO2 levy on fossil fuels to become competitive in shipping, states a new report indicating the political paths to the green energy transition.
Director of Lederne Søfart 
Sales Director 
Investment Analyst 
Chief Operating Officer 
Key Account Manager, Denmark