CMA CGM the big winner from ONE’s transpacific fall

CMA CGM the big winner from ONE’s transpacific fall

According to the latest eastbound transpacific liftings data analysed by Alphaliner, ONE, the new Japanese merged container liner, lost a massive 14.2% of cargo in the April-September period, compared to the combined volumes of ONE partners K Line, MOL and NYK during the same period last year.

ONE was forced earlier this month to issue a profit warning, suggesting it will make a $600m loss in its first full year of operations since starting out on April 1.

Volume retention was especially poor during April and May, when ONE lost 34% and 37%, respectively, of transpacific volumes.

Alphaliner stated in its most recent weekly report that the race for transpacific market share has “intensified”.

ONE has fallen to third position on the transpacific while Cosco is in top spot with a 17% share following its takeover of OOCL in July this year.

However, it was CMA CGM, along with its subsidiaries APL and ANL, which saw the biggest growth on the tradelane from April to September, with volumes growing 7.3% to put the French carrier in second place with a 15% market share.

“CMA CGM’s liftings even surpassed COSCO’s and OOCL’s volumes in September and the carrier looks set to challenge its Ocean Alliance partner for the top spot on the trade in the coming months,” Alphaliner noted.

CMA CGM has boosted its transpacific capacity since July with the launch of APL’s new EXX service and the upgrade of the EX1, while other carriers, including Cosco, have rationalised their capacity deployment in the transpacific trade over the summer.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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