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CMA CGM outpaces Maersk to dominate transpacific shipping lanes
Posted on December 4, 2024 |
CMA CGM has overtaken Maersk to become the largest carrier on the transpacific, with a 13.2% market share, while Maersk holds 13.1%.
COSCO ranks third on the transpacific route, with a 12.9% market share.
The transpacific route’s capacity reached 5.37 million TEUs last month, a 4.2% increase from last year.
Shipping rates on the Asia-US West Coast route have dropped from $5,000 per FEU in mid-November to around $3,000 per FEU.
There are mixed reports on the stability of the trade lane between Asia and North America.
Despite challenges, the transpacific route remains crucial for global trade.