Australian Exporters Pay The Price for Lack of Carrier Diversity — Panjiva


Australian Exporters Pay The Price for Lack of Carrier Diversity

Australia 87 Corp - Shipping 608 Energy - Bunker Fuel 63 Mode - Containerized 1005 Mode - Seaborne 1273 New Zealand 30 Theme - Alliances 86 Theme - Rates 141 U.S. 3297

Container-line MSC has updated its bunker fuel surcharges for Australia/New Zealand to U.S. routes after a 24.1% surge in fuel prices year-to-date. The increase may also be driven by a tightening of capacity given U.S. seaborne imports from Australia and New Zealand surged 28.1% year over year in January. While MSC only has a 7.4% market share on the routes involved, when combined with its 2M Alliance partner Maersk that rises to 46.3%. Indeed, when including rivals CMA-CGM and Hapag-Lloyd the four together account for 99.9% of volumes, raising concerns about the effectiveness of competi...

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