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Drewry Expects ONE To Become Fifth Largest Container Company Globally In 2021

Drewry expects ONE to become fifth largest container company globally in 2021

Drewry Expects ONE To Become Fifth Largest Container Company Globally In 2021

Lisbon, Portugal (PortSEurope) June 22, 2017 – UK consultancy Drewry Shipping foresees a new wave of mergers and acquisitions in the container shipping sector, which would allow the smaller companies to avoid bankruptcy.

The gap between the smaller companies and large sector players widened in the last few years and this will provoke another intensification of the mergers and acquisitions in the sector, Drewry Shipping said.

The Ocean Network Express (ONE), an alliance of K-Line, MOL and NYK, will become the fifth biggest shipping company globally, with a capacity of 1.7 million TEUs.

Danish giant Maersk, in turn, will keep its leadership position, with 18.4% of the total container capacity available on the market, followed by Mediterranean Shipping Company (MSC) and CMA CGM, with 13.5% and 10.4%, respectively.

In this way, the top 3 companies will control 42% of the container market in 2021.

Source: Revista Cargo

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