Exclusive extracts from this 64-page-long report:
- Who are the key players?
The container shipping industry is highly fragmented with companies from all over the world operating in the market. The leading players, however, are mostly European and Asian companies, with the Danish group Maersk leading by far the industry's ranking. The market has seen international consolidation in past years and the M&A wave has continued in 2018, as top 10 carriers controlled 70% of fleet capacity in the container market as of June 2018, while the same percentage was controlled by the top 15 companies six months earlier. [...]
Groups analysed in this report include: Maersk Line, CMA CGM, Nippon Yusen Kaisha, Mitsui OSK, Hapag-Lloyd, Kawasaki Kisen Kaisha, OOIL, Evergreen Marine, Hyundai Merchant Marine.
- What are the players' strategies?
The slump in the container shipping industry between 2015 and 2016 has resulted in a large wave of consolidation, with market leaders acquiring medium-sized players, while some key players – in particular South Korean Hanjin – ceased activities. The last major acquisition – COSCO's takeover of OOIL in 2018 – signals that the consolidation phase is not over yet. In addition to mergers and acquisitions, container shipping companies are increasingly entering into global alliances to benefit from economies of scale, logistics networks, and route optimisation. At present, the industry is dominated by three major alliances: 2M, Ocean Alliance, and The Alliance. […]
- What are the players' key growth and profitability drivers?
Emerging market growth and globalisation have been the two main drivers of the industry since the invention of the container in the 1960s. The rise of China as a manufacturing hub, growing demand for raw materials and the fragmentation of manufacturing supply chains led to very fast growth over the 1980-2007 period. […]