COSCO could surpass CMA CGM as third largest container line

China’s COSCO group could overtake French carrier CMA CGM as the third-biggest container line if the latter does not acquire more ships.

COSCO now has 2.97 million TEU of total operating capacity, compared with CMA CGM’s 3.01 million TEU, according to Alphaliner.

However, COSCO’s owned fleet stands at 1.55 million TEU, compared with 1.23 million TEU for CMA CGM. The rest of the capacities come from chartered vessels.

Therefore, apart from the upcoming change in the number-one spot in liner shipping, with MSC dethroning Maersk after almost two decades, we will possibly see rearrangements in lower rankings, too.

Source: Container News

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https://container-news.com/cosco-could-surpass-cma-cgm-as-third-largest-container-line/

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