CSAV Leads Capacity Increases
- 2010-04-28
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Most lines shunned growth in recession, but 10 built fleets up CSAV, the financially troubled Chilean container shipping line bailed out by shareholders, CSAV's operated capacity surged by 46 percent, or 132,000 20-foot equivalent units, during the past 12 months to a projected 419,000 TEUs by May 1, according to Alphaliner.
This was the biggest increase in capacity in both absolute and percentage terms, the Paris-based research consultancy said.
"In addition, the carrier has no idled tonnage currently whereas it was still struggling to find employment for its 6,500 TEUs units last year," Alphaliner said.
The increased capacity boosted CSAV's market share from 2.1 percent to 3 percent as it jumped from 16th to 10th in Alphaliner's global carrier rankings.
The top 25 carriers have boosted their combined operated capacity by 5 percent over the last 12 months.
But carriers are pursuing widely different strategies as 10 of the 25 lines have increased capacity while the remaining 15 have kept capacity unchanged over the year.
APL has increased capacity 20 percent to 583,567 TEUs, ranking fourth in the world with a 4.2 percent market share.
United Arab Shipping increased capacity 27 percent to 199,082 TEUs to rank 20th in the global rankings.
Top ranked Maersk's capacity is unchanged from a year ago, its 2,048,421 TEUs fleet commanding a 14.6 percent market share.
Source: Journal of Commerce Online
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