Impact of Mega Boxship Deliveries on Asia-North Europe Trade
Ship transport along the Asia-North Europe trade lane is used to carry large box ship deliveries for trade activities. Orders are done in large numbers. For instance, the current orderbook for the mega boxships amounts to 1.4 million TEUs. The delivery will influence the capacity of the market share between the three Alliances, found in the Asia to North Europe trade lane.
The introduction of mega boxships is expected to gradually increase the Ocean Alliance’s market share to match the total Asia-North Europe market share capacity, with a total of 2 million TEUs by 2019. In 2020, the Ocean Alliance is expected to take over the Asia-North Europe trade route, and THE Alliance is expected to lose its market share over time.
The market share capacity of THE Alliance is expected to decrease from 25% to 21%, while that of the Ocean Alliance will increase to 38% of the 2 million capacity, and surpass them by 2020. Once HMM confirms their newest order of mega boxships, a market capacity of 6-7 percent should be achieved by 2021, while the alliances’ shares are projected to fall.
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