DANISH shipping giant Maersk looks content to let rivals increase their market share while it holds back from adding capacity in the next year.
The world's largest container shipping company's share of global box capacity has actually shrunk by 1.5 per cent in the last 12 months, according to analysis by Alphaliner. The carrier's main rivals have gained ground during the period, reports Singapore's Splash 247.
The total capacity operated by Danish box liner and its various subsidiaries, including the likes of Hamburg Sud and Safmarine, has declined by 2.6 per cent to 4.02 million TEU, compared to 4.11 million TEU a year ago. During the same period, global capacity increased by 6 per cent to 22.69 million TEU.
"Maersk is expected to continue to retreat in the next twelve months as its CEO, Soren Skou, has confirmed that it will not pursue further acquisitions or order large new ships in 2019," Alphaliner stated in its most recent weekly report.
Moreover, Maersk could face an added challenge next month, when the forced withdrawal brought about by Chinese authorities from the Danish carrier's current Far East - East Coast South America partnerships will trigger a major shake-up on that trade.
"Maersk is expected to come under pressure in the coming months with rivals keen to further erode its market share," Alphaliner concluded.
China's Cosco has been the largest gainer in the last 12 months, with its cumulative capacity share (including OOCL) growing from 11.6 per cent to 12.4 per cent. Cosco has also had an enormous delivery schedule this year
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