Heavy congestion at the port has diverted shipping companies to other ports, and several shipping companies have announced that new trans-Pacific services are no longer docked in Los Angeles-Long Beach. Terminal connector block, mini round shell connector and truck reflectors should be noted.
Since the beginning of the congestion of the United States line, until now has not been dredged, but there is a growing trend, and with the new annual contract bidding season in the United States, container shipping rates have risen again.
Although the huge import demand that continues to climb in the U.S. market continues to clog important ports such as Los Angeles and Long Beach, and the backlog of ships in the port will take at least a month to clear. But freight and congestion are soaring and profits are considerable.
It is reported that, Asia's top 15 U.S. shipments continue to be dominated by large shipping unions, but smaller independent carriers also gained a certain market share. 2020, 16.56 million TEU, imported by the United States from Asia 4.1% more than 2019, The top five shipping companies accounted for 68.10% of the volume, The top 15 shipping companies accounted for 99.7% of the volume.
The Zim and Matson of the 2 M alliance (Maersk MSC) and smaller cross-border ecommerce target customers are the biggest winners, far above the market average:
Matson Mason's market share grew from 0.7% in 2019 to 1.2% in 2020, thanks to a surge of 92.6%;
Zim Estar market share rose from 3.2% to 3.8%, volume increased by 23.5%;
Wan Hai million sea volume increased 11.6%, maintaining 1.0% market share;
MSC Mediterranean shipping market share jumped from 7.6 per cent to 9.0 per cent, benefiting 23.6 per cent growth in Asian-United States shipping volumes;
Maersk Maersk Line volume also soared 19.4 percent, market share rose from 9.4 percent to 10.8 percent;
The Union controls 43.7% of the market share, accounting for the first, second and fourth largest U.S. exports in Asia;
COSCO SHIPPING OOCL COSCO shipping overseas, a total year-on-year increase of 3.7%, the city accounted for 16.8%;
CMA CGM Dafei year-on-year growth of 4.1, the city accounted for 15.3;
Evergreen Changrong year-on-year growth of 2.1, the city accounted for 11.6.
Under the epidemic, American consumers have limited choices, so they focus mainly on goods, not services.
Consumer demand was stronger than expected and kept the U.S. retail store low by 2020. The adjusted inventory-to-sales ratio as a barometer of import demand averaged 1.17 last year, compared with 1.23 in 2019, U.S. official statistics show.
Nevertheless, five of Asia-US top 15 shipping companies saw volume declines in 2020: Taiping Shipping (PIL), Westwood Shipping, SM Line, Herborot (Hapag-Lloyd) and OceanNet (ONE).
Among the biggest drop was PIL Taiping Shipping, which was a pity to withdraw completely from trans-Pacific trade last March.
The announcement said six 15000 TEU liquefied natural gas (LNG)-powered container ships would be introduced into China-Los Angeles Peal River Express (PRX), the largest LNG power container ship in U.S. ports.
The first of these new ships, which will be delivered in October 2021, is expected to be fully operational by the end of 2022. And it is worth noting that all the big LNG power container ships have been deployed on Asia-Europe routes.
Congestion on the U.S. line may continue into the second quarter, but no major shipping companies are expected to exit the line this year due to losses from the Pacific exit.
Post time: Mar-08-2021