The proposed alliance would become a dominant player in the three major east-west trades, beating out total capacity currently offered by the 2M Alliance on those trade lanes, according to an analysis from BlueWater Reporting.
2016 is well on its way to becoming a disruptive year for liner shipping, as overcapacity drives consolidation and creates new ocean carrier alliances. The just announced OCEAN Alliance between CMA CGM, COSCO, OOCL, APL, and Evergreen will make it the dominant player in the three major east-west trades, at least for now, beating out the total capacity currently offered by the 2M alliance of Maersk Line and Mediterranean Shipping Co. on those trade lanes.
BlueWater Reporting has prepared an analysis of the new carrier groupings on market share deployed in the three major east-west trades and those serving South America. The report shows the estimated allocated capacity deployed by members of the newly proposed OCEAN Alliance based on deployed vessel capacity in each trade as of April 17, 2016. Based on current vessel deployments, the carriers of this alliance would have a market share of 39.32 percent in the Asia-to-North America trade, compared to a 13.33 percent market share for the current Ocean 3 carriers in this trade.
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OCEAN Alliance Market Share Analysis Report
