Collected Item: “How COVID transformed trans-Pacific container shipping”
Give your story a title.
How COVID transformed trans-Pacific container shipping
What sort of object is this: text story, photograph, video, audio interview, screenshot, drawing, meme, etc.?
Text story
Tell us a story; share your experience. Describe what the object or story you've uploaded says about the pandemic, and/or why what you've submitted is important to you.
This is a news story from American Shipper by Greg Miller. Due to COVID, our trade has changed. Data from Alphaliner shows how much the trade relationship between Asia and the United States has morphed. Carrier competition is up, with more players and less share from the three global alliances.
In a breakdown of the data, Cosco was the trans-Pacific leader in mid-2020 as the United States was coming out of the first lockdowns. Maersk was at fourth place, carrying 30% less capacity than Cosco. In mid-2020, 2M, Ocean Alliance, and THE Alliance controlled 89% of trans-Pacific capacity. In 2021, that lowered to 82%. These alliances in 2022 now are at 67.7% of shares.
In a breakdown of the data, Cosco was the trans-Pacific leader in mid-2020 as the United States was coming out of the first lockdowns. Maersk was at fourth place, carrying 30% less capacity than Cosco. In mid-2020, 2M, Ocean Alliance, and THE Alliance controlled 89% of trans-Pacific capacity. In 2021, that lowered to 82%. These alliances in 2022 now are at 67.7% of shares.
Use one-word hashtags (separated by commas) to describe your story. For example: Where did it originate? How does this object make you feel? How does this object relate to the pandemic?
container shipping, transportation, economy, Asia, United States, trans-Pacific, ASU, HST580
Enter a URL associated with this object, if relevant.
https://www.freightwaves.com/news/how-the-pandemic-transformed-trans-pacific-container-shipping
Who originally created this object? (If you created this object, such as photo, then put "self" here.)
Greg Miller
Give this story a date.
2022-04-20