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2022-04-20

How COVID transformed trans-Pacific container shipping

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.