CMA CGM outpaces Maersk to dominate transpacific shipping lanes

Posted on December 4, 2024   |  

CMA CGM has overtaken Maersk to become the largest carrier on the transpacific, with a 13.2% market share, while Maersk holds 13.1%.

COSCO ranks third on the transpacific route, with a 12.9% market share.

The transpacific route’s capacity reached 5.37 million TEUs last month, a 4.2% increase from last year.

Shipping rates on the Asia-US West Coast route have dropped from $5,000 per FEU in mid-November to around $3,000 per FEU.

There are mixed reports on the stability of the trade lane between Asia and North America.

Despite challenges, the transpacific route remains crucial for global trade.