4 graphs showing how the shipping industry changed in 2 years

August 7, 2017 freighttenderinfo

Shipping alliances consolidated from 4 to 3

Independent shipping lines’ market power decreased as global carriers banded together into three, larger alliances.

A string of deals shifted the makeup of each alliance

Today’s three alliances contain a motley crew of former partners. The chart below displays who is in which alliance, and their allegiance in 2016.

Deals lead major shipping lines to boost capacity

Carriers invested heavily in more and larger vessels, at times growing their capacity at triple-digit rates.

 

Major carriers benefit from consolidation, gaining market power

At the start of 2016, roughly 20 carriers could claim to control at least 1% of market share. Today, that number has fallen to 16, with six shipping lines rising far above the rest in terms of capacity.


Previous Article
Logistics reports: What is Over Dimensional Freight?
Logistics reports: What is Over Dimensional Freight?

In road transport, an oversize load (or over dimensional freight) is a load that exceeds the standard or or...

Next Article
10 Cs of Supplier Evaluation
10 Cs of Supplier Evaluation

1.Competency First, look at how competent this supplier is. Make a thorough assessment of the supplier’s ca...