The end of August saw the world’s seventh largest container line Hanjin Shipping, but global market share of 2.9%, file for bankruptcy. This followed two other lines United Arab Shipping Co and APL, which had 2.6% and 2.8% market shares respectively, have gone down the merger path. Both merged with much larger companies CMA CGM in the case of APL, which it acquired, and UASC with Hapag-Lloyd in which it will have a shareholding.
A number of other lines remain in the in the 2 – 3% capacity bracket and most continue to struggle for profitability.
Does this mark the end of the mid-sized container line? Read White Paper - Future of the Container Industry 2016 - to see what Seatrade Maritime News thinks the future holds.
Download Future of the Container Shipping Industry White Paper
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
