4 graphs showing how the shipping industry changed in 2 years

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s