UASC Set to Challenge Top 12 Container Ship Operators

MarineLink.com
Thursday, September 12, 2013
Photo courtesy of UASC

United Arab Shipping Company’s (UASC) confirmation last week that it has ordered 5 x 18,000 vessels and 5 x 14,000 teu vessels for delivery between late 2014 and mid-2015 is the first major challenge to the top players’ vessel capacity supremacy since Coscon and CSCL burst into the container market in the late 1990’s, according to Drewry Maritime Research.

The order will increase UASC’s vessel capacity offered at the end of last year by around 60%, and propel it from the bottom of the top 20 league to the lower ranks of the top 12.

The top 12 also clearly have their eyes set on further vessel upgrades from between 10,000 teu and 13,000 teu to between 14,000 teu and 18,000 teu due to the economies of scale offered by the bigger vessels. Up to the time that UASC’s order was confirmed last week, the top 12 appeared to be coasting towards even greater supremacy, with approximately 61% of all vessel capacity (cellular and other vessels) already under their control towards the end of 2012.

They will not be sweating too much over UASC’s order, therefore. Apart from the fact that it will add unwanted capacity to the global fleet, the Mid-East based state-owned carrier only controlled 1.5% of all vessel container capacity in October last year, and will still control less than 2% at the end of 2014, when the first vessels are due for delivery.

Drewry Maritme Research's own view
UASC will seek to join forces with other like-minded ocean carriers in the Asia/Europe tradelane in order to establish enough service frequency to take on the remaining big players.
 
Source: Drewry Maritime Research

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

INTERSCHALT Expands Africa, Asia Service Networks

INTERSCHALT maritime systems AG, the provider of maritime software, services and supplier of Voyage Data Recorders (VDR 4G[e] and s-VDR) has expanded its network

Access to Brazil's Itajai Port to Open as Truck Protest Ends

Protesters have agreed to open access to Brazil's main poultry exporting port of Itajai in Santa Catarina state, the port said on Wednesday, ending a lingering

E-marine Begins Fleet Expansion

E-marine, a provider of submarine cable installation and repair solutions in the Middle East and Sub-Continent region, has unveiled plans to expand its fleet of cable ships in 2015,

Contracts

ECO Orders Rolls-Royce Equipment for New AHTS

Rolls-Royce has been awarded a contract worth $30.6m with the American owner Edison Chouest Offshore (ECO). The contract for ship equipment comprises Azimuth main propulsion,

Seadrill: Rig Rates Have Not Bottomed

The market for oil and gas drilling rigs continues to deteriorate as oil companies cut back on investments, Seadrill Chief Financial Officer Rune Magnus Lundetrae

Kvichak, Vigor Announce Merger

Merger positions combined company to play a dominant role in recapitalization of North Pacific fishing fleet and emerging Arctic oil gas operations. Kvichak

Container Ships

Cosco Boxship Detained Over Illegal Arms

Colombian authorities detained a vessel operated by China's largest shipping group for illegally transporting thousands of cannon shells, about 100 tonnes of gunpowder

Rotterdam Port Receives Largest Box Ship

The MSC Oscar arrived on Tuesday (yesterday) at the APM1 terminal in Rotterdam. With a capacity of 19,224 TEU (20-foot containers), the 396 meters long and 59

Shipping Industry Faces Shake Up

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate

Middle East

Newlead Bags Panamax COA

NewLead Holdings Ltd. announced today that it has entered into a Contract of Affreightment for one of its dry bulk vessels, the Panamax Newlead Markela, for the transportation,

ICS: EU Must Act in Mediterranean Crisis

The International Chamber of Shipping (ICS) says EU Member States must act urgently to prevent the loss of thousands more lives, as the humanitarian crisis in the

Interview: Nakilat's Samir Bailouni

SGMF Membership - Uncovered: An interview with Samir Bailouni, Nakilat The Society for Gas and Marine Fuel (SGMF) recently interviewed one of its members, Samir

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2534 sec (4 req/sec)