2M picks up Hanjin's market shares on Asia-US

International container carriers have to a large extent picked up Hanjin Shipping's market shares on the key Asia-US routes. This applies to Maersk Line and MSC's 2M alliance and Chinese Cosco, in particular, according to data from Busan Port Authority.

Photo: Hanjin

The collapse of major South Korean container carrier Hanjin Shipping in early September created a vacuum on the routes from Asia to the US in particular, where Hanjin handled a significant portion of the country's exports.

The suddenly available market shares have in the months since been picked up by international container carriers, with Maersk Line and MSC's 2M alliance and Chinese Cosco in particular having boosted their shares on the routes, reports Korea Herald, citing numbers from the Busan Port Authority.

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