Delivery strains refusing to chop capability in value battle

Container freight charges are nonetheless falling, whereas constitution charges are holding up, suggesting that liner operators are chasing market share, even when it means a value battle.

Linerlytica’s newest report, issued on 13 March, said that round 738,014 TEU of capability, or 2.8% of the fleet, is now idled, down from a peak of three.8% in February, as transport strains are reactivating inactive vessels after the Chinese language New Yr holidays.

MSC has widened its hole towards Maersk Line to 587,000 TEU, with the Swiss-Italian market chief standing down at 68,000 TEU, in contrast with 298,000 TEU for Maersk.

MSC and Maersk Line will disband their 2M alliance in February 2025, and the 2 carriers have been pursuing totally different methods for the reason that Covid-19 pandemic pushed up freight charges to historic peaks.

Linerlytica noticed, “OCEAN Alliance carriers have the smallest variety of ships idled, in comparison with 2M and THE Alliance, in a transparent signal that carriers are pursuing very totally different methods in coping with the capability surplus. Freight charges are nonetheless falling whereas constitution charges are holding their floor, in an additional signal that carriers are intent on chasing market share regardless of the softening freight market.”

MSC acquired the world’s largest and second-largest container ships final week, with the 24,346 TEU MSC Irina and 24,116 TEU MSC Tessa delivered in two straight days from Yangzijiang Shipbuilding and Hudong-Zhonghua Shipbuilding, respectively. MSC additionally took supply of the fourth of 11 15,000 TEU ships chartered from Jap Pacific Delivery; deliveries are anticipated by the top of this yr.

The brand new ships have upped MSC’s capability to an all-time excessive of 738 ships of 4.77 million TEU, broadening the hole with Maersk Line to 587,120 TEU.

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