COSCO Shipping Lines is the largest player in the Far East-Indian Subcontinent/Middle East/Red Sea trade, with a market share of around 13%, with 250,000 TEU of capacity deployed, according to Alphaliner’s report today.
The Chinese group is also the only player that operates ‘megamaxes’ on this corridor. Its MEA5 service, part of the OCEAN Alliance network, is run with five such vessels, averaging some 19,000 TEU, as of the start of July.
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