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Review of main carriers operated capacity in 2016
Only 17 large scale international carriers remain as at January 2017, down from 20 a year ago. The reduction results from the acquisition of APL by CMA CGM and from the integration of CSCL within COSCO, while Hanjin Shipping made an abrupt exit from the container shipping market in September 2016.

This number will shrink further in 2017 with the pending conclusion of the Hapag-Lloydand UASC merger, the acquisition of Hamburg Sϋd by Maersk and the merger of K Line, MOL and NYK’s liner shipping businesses.

The overall capacity operated by the 17 main carriers shrank by 1.3% over the last 12 months, after taking into account the removal of Hanjin’s tonnage. Collectively, these carriers control 81.2% of the global liner capacity as at 1 January 2017, compared to 83.7% controlled by the 20 main carriers a year ago.

Apart from Hanjin Shipping, five other carriers logged capacity reductions, with Zim recording the largest loss as its operated capacity shrank by 14.8%. MOL and K Line also recorded significant capacity reductions of 10.6% and 7.7% respectively ahead of the planned merger with NYK to form the J-3 partnership.

Although CMA CGM Group’s operated capacity grew by 17.3% thanks to the APL purchase, the aggregated capacity of both carriers fell by 9.3%, due mainly to the outsourcing of a substantial part of CMA CGM’s feedering activities. Hamburg Sϋd was also forced to rationalise its operated capacity due to the very weak trading conditions on its core South America routes. The carrier’soperated fleet shrunk by 6.6% last year.
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DP World sells 75pc Oz ports business stake for US$1.5 billion
DUBAI's DP World has announced that it recently sold a 75 per cent shares in its Australian ports business for US$1.5 billion to the Citi Infrastructure Investors, a private investment firm.
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