The major container lines are these months building up capacity on the Pacific after each of them withdrew a large number of ships when the pandemic hit. Maersk and MSC's 2M alliance leads the charge.
The 2M alliance with Maersk and MSC lead the charge in a capacity buildup by the major container lines on the Pacific.
After the coronavirus crisis, demand for Chinese goods is now picking up again, and this made demand for container freight surge.
As such, the major container lines are these months deploying many more ships on the main tradelane from Asia to North America. This has pushed available capacity on the route to a historic high of 526,000 teu, writes Alphaliner.
The 2M alliance, with Maersk and MSC, is leading this charge. The two partners have increased their weekly capacity by 64.7 percent since May, and this means that 2M now controls 21 percent of the capacity on the route.
The developments on the Pacific are taking place to the detriment of routes from Asia to Europe in particular. 2M's capacity on Asia-Europe is thus down 4.2 percent compared to November last year, while the other two alliances, Ocean Alliance and The Alliance, have increased their capacity by 1.7 percent and 1.9 percent, respectively.