Volumes on Asia-US down
Second year running for falling market
Volumes from Asia to the US fell by more than 15% to 10m teu last year, and the number of strings on the route fell by 16, according to analyst AXS Alphaliner.
It is the second consecutive year that volumes have declined, and follows a 7.9% drop in 2008.
Trade volumes have dropped by more than 2.8m teu since their peak in 2007, when the trade recorded 12.9m teu. Alphaliner said this was the equivalent to a weekly reduction of 55,000teu.
Alphaliner recorded a net reduction of 16 strings on the transpacific route since the peak in mid-2008, when there were 70 weekly strings linking the Far East to the US.
The French analyst said: “All major carriers have cut their operating capacity over the last 18 months, but there have been some shifts in market share, with some carriers adding new capacity over the course of last year.
“Carriers which have increased capacity on the transpacific since last March include the the CKYH and New World alliances, CSCL and Zim.
“These lines gained market share over those which reduced capacity over the same period. The Grand Alliance, Maersk, Evergreen and CMA CGM are notable in this group.”
It is the second consecutive year that volumes have declined, and follows a 7.9% drop in 2008.
Trade volumes have dropped by more than 2.8m teu since their peak in 2007, when the trade recorded 12.9m teu. Alphaliner said this was the equivalent to a weekly reduction of 55,000teu.
Alphaliner recorded a net reduction of 16 strings on the transpacific route since the peak in mid-2008, when there were 70 weekly strings linking the Far East to the US.
The French analyst said: “All major carriers have cut their operating capacity over the last 18 months, but there have been some shifts in market share, with some carriers adding new capacity over the course of last year.
“Carriers which have increased capacity on the transpacific since last March include the the CKYH and New World alliances, CSCL and Zim.
“These lines gained market share over those which reduced capacity over the same period. The Grand Alliance, Maersk, Evergreen and CMA CGM are notable in this group.”
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