A part of Watch Media

ShippingWatchMonday6 February 2023

  • Search
  • Log in
  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Search
  • Log in
  • Latest
  • Search
  • Log in
  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Offshore
  • Ports
25/11/2013at 11:31

P3 partners conquer large market shares

Maersk Line and CMA CGM's total freight volumes increased significantly in the 3rd quarter 2013, according to an analysis by Drewry.
BY OLE ANDERSEN

Third quarter 2013 interim reports from the global container carriers show that the biggest carriers are growing significantly faster than smaller carriers. Maersk Line's total freight volumes increased 9.5 percent compared to the same period 2012, or more than twice the global average of 4.2 percent, according to a new analysis by Drewry.

Do you want to stay up to date on the latest developments in International shipping? Subscribe to our newsletter – the first 40 days are free

Following completion of the analysis, the interim report of French CMA CGM - the world's third largest container carrier and partner of Maersk Line and MSC in the coming P3 alliance - shows that the company's total freight volumes grew by a whopping 11 percent, for the biggest growth in the industry.

Carriers's reliability dives back down

German Hapag-Lloyd secured 8.7 percent growth in cargo volumes in the same quarter, while Chinese Cosco and Korean Hanjin increased their volumes by 7.8 percent and 5.8 percent, respectively, in the period.

At the other of the scale, Japanese K Line, for instance, saw its volumes decline 6.3 percent, APL's cargo volumes went down by 5.4 percent, and OOCL's volumes decreased 0.9 percent. As for MOL and NYK, whose volumes apply only to the key Asia-Europe route, the carriers achieved growth of 2.3 and 1.2 percent, respectively.

SeaIntel: 115 canceled container transports in 2013 

Drewry points out the difficulties of determining how much of the growth comes from various services, such as reliability. Reduced prices could be part of the explanation that the carriers conquering market shares would normally lower the freight rates.

It is unlikely that this explanation applies here, as close to all of the carriers suffer equally from the declining rates, says Drewry, adding that the comparison between the 3rd quarters 2012 and 2013 should be treated with caution, as the period last year was unusual and devoid of an actual peak season on the east-west routes. Another explanation could be that the carriers in the 3rd quarter this year have tried to regain lost ground, rather than actually working to increase their market shares.

Do you want to stay up to date on the latest developments in International shipping? Subscribe to our newsletter – the first 40 days are free

SeaIntel: EU faces difficult case against container carriers

SeaIntel: P3 just the first step toward consolidation

More efficient Triple-E's in the pipeline

SeaIntel: Explosive container growth in 2014 

Related articles:

  • Photo: Wärtsila

    SeaIntel: EU faces difficult case against container carriers

    For subscribers

  • SeaIntel: P3 just the first step toward consolidation

    For subscribers

  • Photo: Thorbjørn Hansen

    More efficient Triple-E's in the pipeline

    For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Palle Laursen has spent almost his entire career at Maersk where he began as a maritime engineer in 1998. He now retires as chief of fleet. | Foto: Maersk
Container

Maersk's chief of fleet leaves after 25 years as reshuffling continues

Palle Laursen leaves Maersk after 25 years in the company. Another leader is also out the door, as Vincent Clerc continues to put his stamp on the shipping giant.
  • Vincent Clerc sets brand new executive team
  • New executive team to steer Maersk through recession: "A lot of highly experienced industry people"

For subscribers

Lars Jensen is a shipping analyst and founder of consultancy Vespucci Maritime. In the future, he will write two opinion pieces for ShippingWatch a month. | Foto: Magnus Møller
Container

Opinion: Maersk and MSC heading for direct confrontation over customers

For subscribers

Foto: Uncredited/AP/Ritzau Scanpix
Tanker

New Russia sanctions could eventually leave Europe in drastic need of diesel

For subscribers

"Vi har nogle gange haft ry for at have et kortere aftræk end vores konkurrenter. Du kan godt regne med, at det ry vil vi gerne holde fast i," siger Jens Lund, driftsdirektør i DSV. | Foto: DSV
Logistics

DSV denies savings plan but is attentive to costs

For subscribers

Foto: PR / Euronav
Tanker

Euronav CEO defends decision to retain large dividend

For subscribers

Foto: Mike Blake/REUTERS / X00030
Container

Freight rates out of China continue to plummet

Further reading

Lars Jensen is a shipping analyst and founder of consultancy Vespucci Maritime. In the future, he will write two opinion pieces for ShippingWatch a month. | Foto: Magnus Møller
Container

Opinion: Maersk and MSC heading for direct confrontation over customers

Ahead of the 2M alliance’s final termination in 2025, Maersk and MSC will probably try to steal customers from each other, writes analyst Lars Jensen.

For subscribers

Palle Laursen has spent almost his entire career at Maersk where he began as a maritime engineer in 1998. He now retires as chief of fleet. | Foto: Maersk
Container

Maersk's chief of fleet leaves after 25 years as reshuffling continues

Palle Laursen leaves Maersk after 25 years in the company. Another leader is also out the door, as Vincent Clerc continues to put his stamp on the shipping giant.

For subscribers

Foto: Staff/Reuters/Ritzau Scanpix
Logistics

DSV sees one advantage of downturn: It will be cheaper to buy competitors

Acquisitions are decisive for growth at logistics group DSV, and with prospects of declining freight volumes, the prices of acquisitions will fall. DSV will use this to its advantage, according to CEO Jens Bjørn Andersen.

For subscribers

Latest news

  • Freight rates out of China continue to plummet – 3 Feb
  • Ziton wins multi-year deal with German utility – 3 Feb
  • Euronav CEO defends decision to retain large dividend – 3 Feb
  • DSV denies savings plan but is attentive to costs – 3 Feb
  • DP World to construct large port terminal in India – 3 Feb
  • Maersk's chief of fleet leaves after 25 years as reshuffling continues – 3 Feb
  • Clarksons banks on offshore wind with new US office – 3 Feb
  • Opinion: Maersk and MSC heading for direct confrontation over customers – 3 Feb
  • Bulgaria to keep up export flows of Russian fuels to Ukraine – 3 Feb
  • New Russia sanctions could eventually leave Europe in drastic need of diesel – 3 Feb
See all

Jobs

  • Ambitious employee for Shipping office wanted

  • Senior Lead, Human Sustainability at Sea

  • Fleet Manager

  • Copenhagen Shipping Company is hiring a skilled cargo broker

  • Senior Financial Controller

  • Chartering Manager for Lauritzen Bulkers A/S

  • Foundation Package Manager - Offshore wind industry

Jobs

  • Ambitious employee for Shipping office wanted

  • Senior Lead, Human Sustainability at Sea

  • Fleet Manager

  • Copenhagen Shipping Company is hiring a skilled cargo broker

  • Senior Financial Controller

  • Chartering Manager for Lauritzen Bulkers A/S

  • Foundation Package Manager - Offshore wind industry

See all jobs

Colophon

ShippingWatch
Search

Sections

  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Offshore
  • Ports
  • Sitemap
  • RSS feeds

Editor

Tomas Kristiansen

tk@shippingwatch.dk

Tel.: +45 3330 8360

Editor-in-chief

Anders Heering

Publisher

JP/Politiken Media Group Ltd

Advertising

annoncering@infowatch.dk

Tel.: +45 7077 7445

Advertising

Job Advertising

job@infowatch.dk

Tel.: +45 7077 7445

Jobs

Subscription

Try ShippingWatch or get an offer for a subscription meeting the exact needs of you or your company.

shippingwatch@infowatch.dk

Tel.: +45 7077 7445

Learn more about subscriptions here

Address

ShippingWatch

Rådhuspladsen 37

1785 Copenhagen K, Denmark

Tel.: +45 3330 8360

Guidelines

  • Privacy Policy

Copyright © ShippingWatch — All rights reserved

Microsoft is in the process of discontinuing Internet Explorer – and so are we.
For a better experience, we recommend using one of the following browsers.

Kind regards,
ShippingWatch

Google ChromeMozilla FirefoxMicrosoft Edge