COSCO group could overtake CMA CGM as the third-biggest container line if the latter does not acquire more ships.
COSCO now has 2.97 million TEUs of total operating capacity, compared with CMA CGM’s 3.01 million TEUs.
However, COSCO’s owned fleet stands at 1.55 million TEUs, compared with 1.23 million TEUs for CMA CGM. The rest of the capacities come from chartered vessels.
If CMA CGM does not order or acquire more ships, COSCO’s owned ships will increase to 2.14 million TEUs when all the new buildings are delivered by 2024, while CMA CGM’s owned fleet will grow to 1.76 million TEUs.
Therefore, apart from the upcoming change in the number-one spot in liner shipping, with MSC dethroning Maersk after almost two decades, we will possibly see rearrangements in lower rankings, too.