• Home
  • News
  • Liftings return to pre-COVID levels as Maersk catches COSCO - Alphaliner
  • 2022 May 24 09:39

    Liftings return to pre-COVID levels as Maersk catches COSCO - Alphaliner

    Loaded volumes for COSCO fell below those of Maersk Line in the final quarter of 2021 after liftings for the Asian carrier declined 13% year-on-year, according to Alphaliner's release.

    Maersk once again moved ahead of its rival after posting a much more modest fall in liftings over the same period, at 4%. The two carriers have vied for the position of the most liftings (excluding MSC which does not publish figures) since mid 2018 when COSCO acquired OOCL.

    Until recently, the Chinese group appeared to be prevailing, having exceeded Maersk’s loaded volumes for six consecutive quarters starting in Q2 2020. The difference remains marginal, however, with just 60,000 teu separating the two companies in the final three months of 2021.

    Overall, the eight carriers posted loaded volumes of 25.4 Mteu in the October- December 2021 quarter, equivalent to an 8% decline year-on-year. Congestion issues continue to choke potential trade movements despite elevat- ed demand, while container shortages and ongoing crew issues have worsened the problem, tying up more overall shipping capacity per teu unit.

    Despite this, there are signs of a return to pre-COVID levels. Total liftings for the eight carriers reached 103.6 Mteu in 2021, versus 100.8 Mteu in 2020 when first-half volumes were severely impacted by COVID. This is slightly above the 102.9 Mteu recorded for 2019, the last period unaffected by the virus. 

    With Maersk - for now - re-established in the top spot, closely followed by COSCO, there is no change to the next two rankings. Although CMA CGM showed a year-on-year drop in liftings in Q4, it carried a total of 22 Mteu in 2021, 2% higher than in pre-COVID 2019, and remains comfortably the third largest carrier in terms of loaded volumes. It is followed by Hapag-Lloyd in fourth place, which logged liftings of 11.8 Mteu in 2021, a figure that was flat on 2020, but down –1% on 2019.

    Among the smaller carriers, ZIM and Wan Hai Lines showed the most growth. Wan Hai recorded loaded volumes of 4.9 Mteu in 2021, up more than 10% on 2019. ZIM posted 3.4 Mteu in liftings for 2021, a sharp jump on the 2.8 Mteu posted for both 2019 and 2020.

    The figures, while showing boxes carried, do not however reflect ton- miles transported, a factor when comparing long-haul carriers with those with substantial intra-regional operations. Average rates per teu rose for all carriers again in the final quarter of 2021 although individual performances were mixed, reflecting carriers’ exposure to key east-west trades and their proportion of spot business.

    However, a majority of carriers earned over USD 2,500 per teu in the period, with ZIM breaching the USD 3,500 per teu mark for the first time. On average, revenue per teu rose 13% compared to the previous quarter as the rate momentum continued. Early indications by carriers such as OOCL, which released its opera- tional update last week, suggest another quarter-on-quarter increase in rates per teu in the first three months of 2022.




2022 June 28

17:37 Russian President signs law on presence of foreign-flagged ships on Russia' s inland water ways
17:22 Russia wants Barentsburg food supplies shipped via mainland Norway - The Barents Observer
17:20 European Energy signs contract with Port Esbjerg to deliver green hydrogen
17:14 Wan Hai Lines awarded “Container Shipping Line of The Year - Far East Trade Lane”
17:06 Liquid Wind announces plans for its second electrofuel facility to be established in Sundsvall
16:49 Borr Drilling enters into letter of intent for the sale of three jack-ups
16:13 European Council agrees on higher targets for renewables and energy efficiency
16:11 New port to be built in Dagestan
15:45 Iceberg halts Norwegian Cruise sailing after ship hits growler - NZME
15:02 HPC Hamburg Port Consulting signs contract for pre-feasibility study of Cigading Port development
14:58 duisport and Port of Amsterdam join forces in development of green hydrogen value chain and hinterland network
14:30 Four missile boats of Project 22800 under construction at Amur Shipyard
13:48 Vladimir Putin signs law on Rosatom’s authority to manage navigation on the Northern Sea Route
13:24 Neste invests € 1,9 billion in renewable products refinery in Rotterdam
12:34 First hybrid RTGs to Africa delivered by Konecranes
12:29 Russian Union of Industrialists and Entrepreneurs suggests postponing crab auctions until 2035
11:46 Reconstruction of port Korsakov on Sakhalin to begin in 2023
11:10 Batumi International Container Terminal welcomes new Asia-Europe multimodal service
09:32 Russia's financial operations with unfriendly countries plunged by about 80%
09:15 Crude oil futures are rising
09:01 MABUX: Global bunker indices do not have firm trend on June 28
08:16 Thirteen killed, 251 injured by gas leak at Jordan's port of Aqaba - Al Jazeera

2022 June 27

18:37 Port of Rotterdam appoints new representative in China
18:13 BW Energy signs agreement to acquire the FPSO Cidade de Vitoria, currently producing on the Golfinho field
18:07 Boskalis vessels switch to green shore power facility in Rotterdam in co-development with Port of Rotterdam Authority and Eneco
17:58 Rosmorport provides continuous ferry traffic on the Ust-Luga - Baltiysk line
17:30 FSRU contract Höegh LNG with AIE in Australia confirmed
17:02 Investigation into ammonia leak on Spanish tuna vessel begins in Seychelles - Seychelles News Agency
16:27 World’s first climate-neutral container handling facility recertified
15:58 Russia, India, China, Brazil and RSA to sign agreement on cooperation in customs area
15:45 Inmarsat and Thetius report explores human element in maritime digitalisation
15:45 Asia coal prices hit record on hot global competition for fuel - Bloomberg
15:21 Vestdavit to deliver telescopic davit for Danish Navy
14:27 Nuclear-powered container ship Sevmorput leaves for its first subsidized coastwise voyage to Petropavlovsk-Kamchatsky
14:06 Bureau Veritas completes new study on ammonia as fuel
14:02 BW LPG completes dual-fuel retrofits
13:33 Hydrographic Company holds tender for dredging of Utrenny terminal’s water area
13:15 Nakilat and Keppel to provide after-sales technical support for ballast water treatment systems in Qatar
12:30 Matson signs contract for ME-GI retrofit
12:14 International taskforce established to drive forward the development of Clean Energy Marine Hubs
12:01 Port Tanjung Pelepas turns to AI-powered management system
11:29 Seanergy Maritime acquires a modern Capesize vessel
11:02 Chernomorneftegaz platform in Black Sea shelled by Ukrainian troops
10:29 Sevmash lays down manned underwater vehicle of Project 03660 Jason
10:29 Dongwon Global Terminal selects CyberLogitec’s terminal operating system
10:03 The Getting to Zero Coalition convenes to develop action plan for maritime decarbonization
09:43 Metal structures and general cargo to be delivered by MV Kholmogory on its first voyage to Kaliningrad Region
09:21 Oil prices decrease after a growth on June 24
08:58 MABUX: Bunker prices may increase on June 27

2022 June 26

15:18 BW LPG carriers completed DF retrofits at Yiu Lian Dockyards in Shenzhen, China
13:42 Aegean Shipping accepts delivery of its first of four Aframax tankers
12:14 Large-scale offshore tender sets TenneT on course to deliver 2030 offshore expansion targets
11:03 KHI delivers bulk carrier PHILHOKUSAI

2022 June 25

15:07 The Getting to Zero Coalition convenes to develop action plan for maritime decarbonization
14:31 Manor Marine to build two Hybrid CTVs for Manor Renewable Energy with Chartwell Marine
13:04 ČEZ Group becomes first Czech company to have climate targets validated
10:13 FSL Trust agrees to sell one chemical tanker

2022 June 24

18:37 OneSea Energy B.V. and Subsea 7 conclude an MOU on collaboration in offshore hydrogen production
18:06 HJSC wins a bid to build two dual-fuel LNG 7,700 TEU-class container ships
17:57 PortNews’ week headlines summary