Shipping Containers

Shipper-Owned Containers: The Future of Shipping in a Post-Pandemic World

Posted: 04/01/2022 - 00:01
The disruptions in the shipping container industry driven by COVID-19 have created the need for alternate sourcing strategies.

Before the onset of the pandemic, the shipping industry operated with an abundance of capacity at par with the demand patterns. More than 80% of the market needs were met by three major shipping alliances — 2M (Maersk Line and Mediterranean Shipping Co.), THE Alliance (Ocean Network Express, Hapag-Lloyd and Yang Ming), and OCEAN (CMA CGM/APL, Cosco Shipping and Evergreen Line).

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