Seven container lines to control 65% of the fleet – Alphaliner

containers

The announcement of the merge of the container line businesses of NYK, K Line and Mitsui OSK Lines in a joint venture as of 1 July 2017, will result in the world’s sixth largest container line.

By 2018 when the three Japanese lines are set to have fully merged – the top seven lines, the others being Maersk Line, MSC, CMA CGM, Cosco, Hapag-Lloyd (including UASC), and Evergreen, will control over 65% of the global container ship capacity. “They are expected to continue to widen the gap with the rest of the market in the coming years,” Alphaliner commented in its weekly report.

“This could prompt some of these ’smaller’ independent carriers such as Hamburg Sud, OOCL and Yang Ming to seek consolidation partners of their own, in order to compete more effectively against their larger rivals,” the report said.

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