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Consolidation of container shipping industry continued at good pace in 2017The consolidation of the container shipping industry continued at a good pace in 2017 and was marked by the completion of UASC's acquisition by Hapag-Lloyd in May, as well as that of Hamburg Süd by Maersk line in late November. This, according to the analysis carried out by Alphaliner, is a testament to the greater concentration of the market.
The percentage of combined capacity operated by the top 10 operators has reached a new record of 77% at the end of 2017. It is expected that this figure will increase further to reach 82%, once the absorption of OOCL by COSCO is completed and the merger of the Japanese "K" Line, MOL and NYK gives rise to Ocean Network Express (ONE).
According to Alphaliner, the three main operators, Maersk, MSC and CMA CGM, kept their respective positions in the world ranking of operators, but COSCO and Hapag-Lloyd narrowed the gaps, despite consolidation movements over the last two years. COSCO is expected to be able to jump to the third position in the rankings once it completes the acquisition of OOCL early this year.
Publication date: 1/8/2018
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